◆ NeutralMUTSMEMXCSMH
Micron Earnings: Blowout Quarter Raises the Bar for AI Memory Demand
Investing.com·
Micron Technology reported a blowout fiscal Q3 2026 with revenue of $41.5B (17% above estimates) and operating income of $33.7B (22% above estimates). The company signed 16 Strategic Customer Agreements covering 20% of DRAM and 1/3 of NAND volume through 2030, with price floor and ceiling bands aimed at reducing memory cycle volatility. Capex guidance of $10B for Q4 2026 and expected $30B for full year 2026 reflects strong AI-driven demand, though analyst concerns remain about sustainability as margins reach 84% gross and 81% operating margins.
Read Full Article at Investing.com →