Micron Technology just delivered the kind of earnings report that makes Wall Street forget its anxiety. The memory chipmaker posted fiscal Q3 2026 revenue of $41.46 billion, obliterating the analyst consensus of roughly $35.8 billion and confirming that the AI hardware boom is still very much alive.
For context, Micron pulled in $9.30 billion in the same quarter a year ago. That’s a year-over-year jump of roughly 346%. Not a typo.
The numbers that matter
Revenue was the headline, but the rest of the report was equally aggressive. Non-GAAP earnings per share landed at $25.11, handily beating the $20.7 consensus estimate. GAAP net income hit $28.24 billion, translating to a diluted EPS of $24.67.
Non-GAAP gross margin came in at 84.9%.
