Micron Beats Q3 Estimates, Forecasts $50 Billion Q4, Sees Tight Memory Supply Past 2027
Micron Technology, the largest U.S. memory-chip maker, reported record fiscal third-quarter revenue of $41.46 billion, adjusted earnings of $25.11 a share and gross margin of 84.9%, beating analyst estimates of $35.69 billion, $20.49 and 81.9%. The company guided fiscal fourth-quarter revenue to $49 billion to $51 billion, adjusted EPS to $30 to $32 and gross margin to about 86%, all above Wall Street forecasts; shares rose about 14% in extended trading.
Data-center revenue exceeded $25 billion in the quarter, Micron's CFO said, an annualized run rate of more than $100 billion, while data-center solid-state drive revenue topped $5 billion. Chief Executive Officer Sanjay Mehrotra said demand for DRAM and NAND memory continues to outstrip supply and that tight conditions should persist beyond calendar 2027 because of AI-driven demand across end markets.
The company also said it has signed 16 strategic customer agreements across data-center, consumer and auto markets. Micron said the take-or-pay contracts, which typically run from 2026 through 2030, currently cover about 20% of its DRAM volume and one-third of its NAND volume; 14 of the deals carry roughly $100 billion of minimum revenue over the remaining term, and the signed agreements are expected to bring in $22 billion of customer deposits and related financial commitments.
From the sources (25 posts)
@milkroadaiToday is Micron's earnings day and CEO Sanjay Mehrotra has been saying the same thing for months, memory is not a commodity anymore (Save this). But rather a strategic asset and the world does not have enough of it. His core argument star
@tradfi*MICRON 3Q ADJ GROSS MARGIN 84.9%, EST. 81.9% *MICRON TECHNOLOGY Q3 REVENUE USD 41,456 MILLION VS. IBES ESTIMATE USD 35,590 MILLION *MICRON TECHNOLOGY Q3 ADJUSTED EPS USD 25.11 VS. IBES ESTIMATE USD 20.6 $MU
@zerohedge*MICRON SEES 4Q ADJ. REV. $49B TO $51B, EST. $43.24B *MICRON 3Q ADJ GROSS MARGIN 84.9%, EST. 81.9%
@tradfi*MICRON SEES 4Q ADJ. REV. $49B TO $51B, EST. $43.24B $MU
@tradfi*MICRON SEES 4Q ADJ GROSS MARGIN ABOUT 86%, EST. 83.6% $MU
@marketnews_feed*MICRON 3Q ADJ GROSS MARGIN 84.9%, EST. 81.9% *MICRON TECHNOLOGY Q3 REVENUE USD 41,456 MILLION VS. IBES ESTIMATE USD 35,590 MILLION *MICRON TECHNOLOGY Q3 ADJUSTED EPS USD 25.11 VS. IBES ESTIMATE USD 20.6 $MU ...
@wallstengine$MU SEES 4Q ADJ. REV. $49B TO $51B, EST. $43.24B MICRON 3Q ADJ GROSS MARGIN 84.9%, EST. 81.9% MICRON 3Q ADJ GROSS MARGIN 84.9%, EST. 81.9% MICRON SEES 4Q ADJ. REV. $49B TO $51B, EST. $43.24B *MICRON 3Q ADJ GROSS MARGIN 84.9%, EST. 81.9%
@zerohedge*MICRON 3Q ADJ. REV. $41.46B, EST. $35.69B *MICRON 3Q ADJ EPS $25.11, EST. $20.49
@stockmktnewzMicron $MU just said they expect to bring in $50 Billion of revenue next quarter with a ~86% gross margin
@wallstengine$MU Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $41.46B (Est. $35.5B) 🟢 🔹 Adj. EPS: $25.11 (Est. $20.4) 🟢 🔹 Adj. Gross Margin: 84.9% (Est. 81.8%) 🟢 Q4 Guide: 🔹 Revenue: $50.0B ± $1.0B (Est. $43.4B) 🟢 🔹 Adj. EPS: $31.00 ± $1.00 (Est. $24.3) 🟢 🔹 G
@tradfi*MICRON 3Q MOBILE AND CLIENT REV. $11.52B, EST. $9.73B $MU
@tradfi*MICRON 3Q CORE DATA CENTER REV. $11.52B, EST. $6.8B $MU
@tradfi*MICRON 3Q CLOUD MEMORY REV. $13.77B, EST. $10.69B $MU
@stocksavvyshay$MU ABSOLUTELY CRUSHED THEIR EARNINGS • Revenue $41.5B vs Est. $35.5B • EPS $25.11 vs Est. $20.39 • Net Income $33.7B vs Est. $23.9B • Gross Margin 85% vs Est. 82% Q4 Guide • Revenue $50B vs Est. $43B • EPS $31.00 vs Est. $25.07 • Gross M
@stockmktnewzMICRON $MU JUST REPORTED EARNINGS EPS of $25.11 beating expectations of $20.20🟢 Revenue of $41.5B beating expectations of $35B🟢
@tradfi*MICRON TECHNOLOGY: EXPECT TIGHT CONDITIONS TO PERSIST BEYOND CALENDAR 2027 DUE TO AI-DRIVEN DEMAND ACROSS ALL SEGMENTS $MU
@kalshiBREAKING: Micron beat Q2 earnings • EPS: $28.86 vs $20.20 est • Revenue: $41.5B vs $35B est $MU +4% after-hours
@zephyr_z9Where are the memory FUD bois???
@firstsquawkMICRON TECHNOLOGY Q3 RESULTS CRUSH ESTIMATES; Q4 GUIDANCE SMASHES WALL STREET FORECASTS • REVENUE: $41.46B VS $35.59B EST. • ADJ. EPS: $25.11 VS $20.60 EST. • NET INCOME: $28.24B • ADJ. NET INCOME: $28.86B • Q4 REVENUE GUIDANCE: $50.00B VS
@unusual_whalesBREAKING: Micron, $MU, earnings: - EPS: $25.11, est: $20 - Revenue: $41 billion, est: $35 billion
@gurgavinMICRON JUST REPORTED EARNINGS *MICRON Q3 REV $41.45 BILLION VS. ESTIMATE USD $35.5 BILLION (BEAT ✅ ) *MICRON Q3 ADJUSTED EPS $25.11 VS. EST $20.6 (BEAT ✅ ) *MICRON SEES 4Q ADJ. REV. $50B, EST. $43.24B (BEAT ✅ ) *MICRON SEES 4Q ADJ EPS
@wallstengineMICRON $MU: EXPECT TIGHT CONDITIONS TO PERSIST BEYOND CALENDAR 2027 DUE TO AI-DRIVEN DEMAND ACROSS ALL SEGMENTS
@thestalwart*MICRON SEES 4Q ADJ. REV. $49B TO $51B, EST. $43.24B
@thestalwart$MU surging nearly 10% after hours
@negligible_cap*MICRON SEES 4Q ADJ. REV. $49B TO $51B, EST. $43.24B *MICRON SEES 4Q ADJ GROSS MARGIN ABOUT 86%, EST. 83.6% 86% gross margin guide. Insane - $MU