Micron posts $41.46 billion fiscal Q3 revenue, guides $50 billion for Q4 as HBM4 sales top $1 billion
Micron Technology reported fiscal 2026 third-quarter revenue of $41.46 billion, up 345.72% year over year, and non-GAAP EPS of $25.11, marking a seventh straight quarterly beat. Free cash flow for the quarter reached $18.30 billion, and HBM4 shipment revenue has already exceeded $1 billion. For the fourth quarter, the company guided to $50 billion in revenue, $31 in non-GAAP EPS and gross margin of roughly 86%. Wall Street’s average price target is $1,501.98, and none of 45 analysts rate the stock a sell.