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 the roughly $35.8 billion that analysts had penciled in. For context, the company pulled in $9.3 billion in the same quarter a year ago.
That’s not a typo. Revenue grew more than 345% year over year.
The numbers behind the rally
Micron’s adjusted earnings per share landed at $25.11, beating consensus estimates of approximately $20.20 to $20.78 by around 24%.
Following the June 24 earnings release, shares surged roughly 15% in after-hours and pre-market trading. But the real kicker wasn’t the quarter itself. It was the guidance.
