Micron Technology is preparing to release fiscal third-quarter 2026 earnings on June 24, and the numbers analysts are projecting look less like a chip company’s quarterly results and more like a typo. Adjusted earnings per share are expected to land somewhere between $19.95 and $20.98, representing roughly 1,000% growth year-over-year from the prior year’s EPS of approximately $1.71 to $1.91.
The numbers behind the surge
Micron’s own guidance points to record revenue of approximately $33.5B for the quarter, give or take $750M. That figure, if realized, would exceed any full-year revenue total the company posted through fiscal 2024.
Gross margins are expected to come in near 81%.
The fiscal Q2 2026 results, reported on March 18, already set the stage. Revenue hit $23.86B, up 196% year-over-year. Non-GAAP EPS came in at $12.20, and GAAP net income reached $13.79B.
