Micron Technology just reminded everyone why the AI trade isn’t slowing down. The memory chipmaker reported fiscal Q3 2026 results on June 24 that demolished analyst expectations, then followed up with guidance so far above consensus it practically redrew the spreadsheet.
US stock futures climbed in response, with renewed confidence rippling across AI-linked equities and broader tech sentiment.
The numbers that moved markets
Micron posted Q3 revenue of $41.5B, comfortably ahead of the $35.8B Wall Street had penciled in. Adjusted earnings per share came in at $25.11, roughly 21% above the $20.7 consensus estimate.
But the real fireworks were in the guidance. Micron projected Q4 fiscal year 2026 revenue of approximately $50B. Analysts had been expecting $43.2B. The adjusted EPS forecast of about $31 similarly dwarfed the estimated $25.31.
