Micron Fiscal Third-Quarter 2026 Earnings Results
Micron Technology reported fiscal third-quarter financial results that exceeded analyst expectations for revenue and profit, driven by high demand for artificial intelligence memory components.
Aggregated from 7 sources · Updated 25 Jun 2026, 05:12 UTC (UTC)
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Facts (10)
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Micron's fiscal third-quarter revenue reached $41.46 billion, representing a year-over-year increase of more than 300%.
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The company reported a record gross margin of 84.9%, exceeding the margins of large-cap technology companies including Nvidia (75%) and Meta (81.9%).
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Micron forecast fourth-quarter revenue to be approximately $50 billion, compared to analyst estimates of $43.2 billion.
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The company declared a quarterly dividend of $0.15 per share.
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Micron shares rose between 12% and 15.8% in extended trading following the earnings announcement on Wednesday.
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Micron's fiscal third-quarter net income was $28.24 billion, a record high for the company.
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Customers have committed $22 billion through 16 strategic agreements to secure supplies of memory chips.
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Remaining performance obligations from signed customer agreements total approximately $100 billion.
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While data center demand for memory is increasing, unit volumes are declining in the PC and smartphone markets.
- Attribution
CEO Sanjay Mehrotra stated that the memory industry has been structurally transformed by AI and that supply constraints are expected to persist beyond 2027.