Micron Technology, Inc. (MU) will report its third-quarter fiscal 2026 results after the market closes on June 24. The company projects revenues of approximately $35.5 billion (± $750 million), with a consensus estimate at $34.8 billion, representing a year-over-year growth of 274.2%.
Micron expects adjusted earnings of $19.15 (± 40 cents), with the consensus mark having risen to $19.72 per share in the last month, indicating a substantial year-over-year increase of 932.5%. Additionally, the company anticipates DRAM revenues in the third quarter will reach $26.27 billion, showing robust growth of 271.6% from the previous year.
Over the past year, Micron’s stock has surged 835.3%, significantly outperforming its peers in the semiconductor industry, which saw increases averaging 244.9%. The company is positioned strongly in the market due to increasing demand for memory chips, driven by the adoption of AI technologies and improvements in memory pricing dynamics.
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