Micron Technology Inc. (NASDAQ:MU) delivered a blowout third-quarter earnings report, and the ripple effect is lifting shares of fellow memory and storage names SanDisk Corp. (NASDAQ:SNDK), Western Digital Corp. (NASDAQ:WDC), and Seagate Technology Holdings PLC (NASDAQ:STX).
MU stock is climbing after earnings. Watch the price action here.
Investors are reading Micron’s numbers as confirmation that the upcycle in memory, NAND and broader storage demand remains intact, driving a bid into the entire group.
Micron Q3 Details
Revenue surged to $41.46 billion, far ahead of analyst expectations near $35.6 billion, while adjusted EPS jumped to $25.11, topping forecasts of roughly $20.60 per share, according to Benzinga Pro.
