Micron Tech

Q3 FY2026 EarningsQ3 FY26 results significantly beat consensus estimates across all top and bottom-line metrics, driven by an AI-fueled surge in memory demand. Revenue reached $41.46B, well exceeding the $35.82B mean estimate, while gross margin expanded to 84.6% vs. 81.7% expected. The data center-focused CMBU and CDBU segments were the primary drivers, with CDBU revenue surging 653% YoY. Non-GAAP EPS of $24.67 dwarfed the $20.71 consensus, underpinned by a 140% YoY increase in DRAM average selling prices.