Micron Technology reports its fiscal Q3 2026 earnings today after the bell, and analysts are projecting revenue between $34.5 billion and $35.5 billion, which would represent year-over-year growth of roughly 270% to 282%.
What Wall Street expects
The consensus EPS estimate lands somewhere around $20, with the range spanning approximately $19.72 to $20.98 per share. Micron’s own guidance set a midpoint of $33.5 billion in revenue and EPS of $19.15, meaning analysts are already pricing in a beat above management’s own targets.
For context, Micron posted record revenue of $23.86 billion in its fiscal Q2 2026, with EPS of $12.20 that surpassed estimates. Going from $23.86 billion to potentially $35 billion in a single quarter would represent a significant sequential jump.
The conference call is scheduled for 4:30 p.m. EDT. Options markets are signaling an implied move of roughly plus or minus 11% after the report, which on a stock recently trading above $1,100 to $1,200 means traders are pricing in a potential swing of well over $100 per share in either direction.
