Micron posts $41.46 billion fiscal Q3 revenue, guides $50 billion for Q4 as HBM4 sales top $1 billion
AI Market Summary
Micron reported a blowout FY2026 Q3 with revenue up 345.72% YoY, large free cash flow, and accelerating HBM4 shipments, then guided to an even stronger Q4 with very high gross margins. The disclosure of multi-year take-or-pay customer agreements and sizable remaining performance obligations reduces perceived cyclicality risk in memory and supports confidence in AI-linked demand durability, potentially lifting sentiment across AI semiconductor supply chains.
Impact level
● Medium
Affected assets
NCSKMUU2USD/USDT-11.42%
AI Insight · NCSKMUU2USD/USDTAI Insight
▲ Bullish
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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.
