The quarter saw adjusted earnings of $25.11 per share, surpassing analyst forecasts of $20.63 per share and marking a 1,214.7 percent increase year over year.
Micron Technology recorded quarterly revenue of $41.46 billion, which exceeded analyst estimates of $35.59 billion and represented a 345.8 percent rise from the previous year.
For the third quarter of 2026, gross margin was 84.6 percent and operating margin was 80.4 percent.
Looking ahead, for the fourth quarter of fiscal year 2026, the company anticipates earnings between $30.00 and $32.00 per share, with revenue projected to range from $49.00 billion to $51.00 billion.
Sanjay Mehrotra, Chairman, President and CEO, commented, “Micron’s record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era, Micron is investing at record levels in technology, products and supply to address our customers’ rapidly growing demand.”
