Micron Technology just posted a quarter that made Wall Street’s estimates look quaint. The memory chipmaker reported fiscal Q3 2026 revenue of $41.46 billion, blowing past consensus expectations of roughly $35.5 billion to $35.8 billion by nearly $6 billion.
To put the growth in perspective: Micron pulled in $9.3 billion in the same quarter a year ago. That’s a roughly 345% year-over-year increase.
Adjusted earnings per share came in at $25.11, comfortably ahead of analyst predictions in the $20 to $21 range. Shares responded accordingly, jumping 10% to 16% in after-hours trading.
The AI memory machine keeps accelerating
DRAM revenue alone hit $31.3 billion for the quarter, accounting for roughly 75% of total sales.
