After earnings, US stocks saw MU spike and then pull back, with on-chain daily trading volume exceeding $170 million.

BlockBeats news, October 1: Micron announced its fiscal year 2026 fourth quarter earnings this morning, with revenue of approximately $54.23 billion, a year-over-year increase of 379%; adjusted earnings per share of $33.42.

The company's guidance midpoint for next fiscal quarter revenue is $61.5 billion, above the market expectation of $57.02 billion; however, the adjusted gross margin guidance is about 86.25%, slightly below the expected 86.7%.

According to TradingBeats monitoring, the MU perpetual contract on Hyperliquid rose by about 2% at one point after the earnings release compared with before the announcement, then fell back, with the mark price currently at $1,070.2. Estimated trading volume in the first hour after the announcement was about $76.33 million, about 3.8 times that of the previous hour, and trading volume over the past 24 hours exceeded $170 million.