Micron Overtakes Meta and Tesla in Market Value After 18% Jump on $50 Billion Revenue Forecast

businesscompany-earningsstocksaiai-infrastructureai-compute-chips 144 posts · 52 accounts

Micron Technology shares were up about 18% in early trading Thursday, lifting the memory-chip maker above Meta Platforms and Tesla in market value after it forecast roughly $50 billion in fiscal fourth-quarter revenue.

The largest U.S. maker of computer memory chips reported fiscal third-quarter revenue of $41.46 billion, adjusted earnings per share of $25.11 and gross margin of 84.9%, all above consensus. Its outlook called for $49 billion to $51 billion of revenue, about $31 a share in adjusted earnings and roughly 86% gross margin.

Chief Executive Officer Sanjay Mehrotra said Micron still has no line of sight on when memory supply will catch up with demand. Liz Thomas said the beat and raised outlook were boosting memory stocks even as much of the broader AI and tech complex fell, while Kobeissi Letter said Micron's daily share turnover topped $70 billion for the first time, making it the most-traded U.S. stock.

From the sources (25 posts)

@milkroadai

Today 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

@stockmktnewz

Micron $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

@stockmktnewz

MICRON $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

@kalshi

BREAKING: Micron beat Q2 earnings • EPS: $28.86 vs $20.20 est • Revenue: $41.5B vs $35B est $MU +4% after-hours

@zephyr_z9

Where are the memory FUD bois???

@firstsquawk

MICRON 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_whales

BREAKING: Micron, $MU, earnings: - EPS: $25.11, est: $20 - Revenue: $41 billion, est: $35 billion

@gurgavin

MICRON 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

@wallstengine

MICRON $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

Market impact

55 medium

MU SOXX SMH NVDA

Why it matters: Micron's large Q3 beat and far-above-consensus Q4 guidance (86% gross margin, no line of sight on supply catching AI-driven demand) resets the memory/semi sub-sector read on pricing power and confirms the AI-infrastructure demand thesis, lifting memory and broader semis.

At publish time: Q4 revenue guide of $49-51B vs $43.24B est and ~86% gross-margin guide are in the headline/facts and are tradable without reaction tweets; the "overtakes Meta/Tesla" framing is ranking optics, but the guidance beat is the mover.

model confidence: high

What happened next

1–2 weeks later

fizzled moved down

Initial 18% pop reversed hard; MU fell ~30% from late-June high within 1-2 weeks on profit-taking and rotation out of AI-chip hardware.

based on follow-up coverage

Follow-up coverage

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