Micron Earnings Report Surges, Quarterly Revenue and Next Quarter Guidance Significantly Beat Market Expectations, Stock Soars Nearly 16% in After-Hours Trading, Leading to a Broad Rally in the Memory Sector

BlockBeats News, June 25th, according to the official financial report, Micron Technology (MU.O) recorded a revenue of $41.456 billion in Q3 of the 2026 fiscal year, surpassing the market expectation of $35.423 billion and the $9.301 billion revenue in the same period last year. The company expects a revenue of $50 billion for the fourth quarter, while the market expectation is $42.915 billion.

Micron CEO Sanjay Mehrotra stated: "Micron Technology's record third-quarter financial performance and stronger outlook for the fourth quarter reflect the strategic value of memory chips in the AI era. We believe that our longstanding strategic customer engagements will significantly enhance the durability and predictability of Micron's strong financial performance."

For the third quarter, Micron reported a profit of $28.24 billion, equivalent to $24.67 per share, compared to a profit of $1.89 billion, or $1.68 per share, in the same period last year. Excluding certain one-time items, Micron Technology reported an adjusted earnings per share of $25.11, exceeding analysts' previous expectation of $20.86 per share.

Due to the better-than-expected quarterly revenue and revenue outlook, Micron surged 15.95% in after-hours trading on the US stock market as of the time of publication, leading to a simultaneous increase in other memory stocks, with Seagate (STX) rising by 10.21%, Western Digital (WDC) by 12.31%, and SanDisk (SNDK) by 15.77%.