---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42164461.md"
description: "MU 3Q26 First Take: in a word, stellar. Revenue, profit, and next-quarter guide all beat across the board.Revenue jumped 74% QoQ, roughly matching last quarter's pace. Volumes contributed only low-to-mid single digits, with growth driven mainly by pricing.GPM surged to 85%, well ahead of the Street. With stable operating leverage, OPM topped 80%. $41.5bn of revenue converted into $33.3bn of profit.More importantly, the company guided to around $50.0bn for next quarter. That is well above the $42.6bn consensus.The guide implies ~20% QoQ growth, broadly in line with expectations. Given shipment timing, pricing for the new quarter was not fully locked when the guide was set, so management typically builds in a buffer. Post-guide, bullish expectations moved higher.EPS guidance essentially matches the most bullish buyside view at around $30. The 86% GPM guide (vs. the Street's 83%) reinforces that in this unprecedented supercycle, price-led revenue gains are flowing through to profit. With OPM approaching ~75%, the Agentic AI boom shows compute and memory matter equally.$Micron Tech(MU.US)"
datetime: "2026-06-24T23:18:25.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42164461.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42164461.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42164461.md)
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# MU 3Q26 First Take: in a word, stellar. Revenue, p…


### Related Stocks

- [MU.US](https://longbridge.com/en/quote/MU.US.md)

## Comments (8)

- **新手发疯号 · 2026-06-25T01:26:18.000Z**: What is the valuation for Micron's third quarter now? What's the approximate price range?
  - **坚定回调做多思维** (2026-06-25T02:07:36.000Z): 1500? Didn't the institutions already give target prices?
  - **新手发疯号** (2026-06-25T02:21:35.000Z): The latest? According to this earnings report
- **赛博摸鱼选手 · 2026-06-25T01:25:07.000Z · 👍 1**: This has already priced in the 2027 expectations. How do you view the stock price? Before the earnings report, CSP (the company) is not loosening its stance or letting go, and the bottom line of the previous range has been revealed.
- **上山参宿 · 2026-06-25T01:22:21.000Z**: Believe in the light
- **快乐牛牛 · 2026-06-25T00:09:22.000Z**: Go MU! 👏
  - **Dolphin Research** (2026-06-25T01:04:04.000Z): Micron is still impressive
  - **我自踏雪之山巅888** (2026-06-25T01:07:15.000Z): This net profit is a bit scary! Making a killing.