Micron Technology Inc[2]
NASDAQ NMS - GLOBAL MARKET · Semiconductors · mkt cap $1.08T
Jun 24, 2026 · Q3 FY2026 · After close[1]
$989.44[12]
+3.0%
Micron Technology Inc recently reported earnings; revenue status is beat and EPS status is beat versus available estimates.
| Metric | Actual | Estimate | Surprise | Verdict |
|---|---|---|---|---|
| Revenue | $41.46B[3] | $35.25B[9] | +17.6% | |
| EPS | $25.11[1] | $20.98[8] | +19.7% | |
| Guidance | Now turning to guidance: we expect fiscal Q4 revenue to be a record $50 billion, plus or minus $1 billion; gross margin to be approximately 86%; and operating expenses to be approximately $1.65 billion. Based on a share count of approximately 1.15 billion diluted shares, we expect EPS to be a record $31 per share, plus or minus $1.[10] | |||
Reaction session: Jun 25, 2026 · next regular session[11]
No evidence-backed AI interpretation is available for this report.
AI interpretation was not requested for this report.
| Quarter | Reported | Revenue | EPS | Gross margin | Op. margin | Net income |
|---|---|---|---|---|---|---|
| Q3 | Jun 24, 2026 | actual: $41.46B[3]est.: $35.25B[9]surp.: +17.6%[3+] | actual: $25.11[1]est.: $20.98[8]surp.: +19.7%[1+] | 84.6%[3] | 80.4%[3] | $28.24B[3] |
| Q2 |
| Mar 18, 2026 |
actual: $23.86B[3]est.: $19.51B[9]surp.: +22.3%[3+] |
actual: $12.20[8]est.: $9.31[8]surp.: +31.0%[8] |
| 74.4%[3] |
| 67.6%[3] |
| $13.79B[3] |
| Q1 | Dec 17, 2025 | actual: $13.64B[3]est.: $12.88B[9]surp.: +5.9%[3+] | actual: $4.78[8]est.: $3.94[8]surp.: +21.3%[8] | 56.1%[3] | 45.0%[3] | $5.24B[3] |
| Q4 | Sep 23, 2025 | actual: $11.32B[3]est.: $11.16B[9]surp.: +1.4%[3+] | actual: $2.83[8]est.: $2.69[8]surp.: +5.2%[8] | 44.7%[3] | 33.2%[3] | $3.2B[3] |
| Q3 | Jun 25, 2025 | actual: $9.3B[3]est.: $8.85B[9]surp.: +5.1%[3+] | actual: $1.68[8]est.: $1.45[8]surp.: +15.9%[8] | 37.7%[3] | 23.3%[3] | $1.89B[3] |
| Q2 | Mar 20, 2025 | actual: $8.05B[3]est.: $7.9B[9]surp.: +2.0%[3+] | actual: $1.56[8]est.: $1.28[8]surp.: +21.9%[8] | 36.8%[3] | 22.0%[3] | $1.58B[3] |
| Q1 | Dec 18, 2024 | actual: $8.71B[3]est.: $8.71B[9]surp.: +0.0%[3+] | actual: $1.79[8]est.: $1.77[8]surp.: +1.1%[8] | 38.4%[3] | 25.0%[3] | $1.87B[3] |
| Q4 | Sep 25, 2024 | actual: $7.75B[3]est.: $7.63B[9]surp.: +1.5%[3+] | actual: $1.18[8]est.: $1.14[8]surp.: +3.5%[8] | 35.3%[3] | 19.6%[3] | $887M[3] |
Sourced actuals only
vs. prior quarter +73.7%
| Field | Current | Prior quarter | Change |
|---|---|---|---|
| Revenue | $41.46B[3] | $23.86B[3+] | +73.7% |
| EPS | $25.11[1] | $12.20[8+] | +105.8% |
| Gross margin | 84.6%[3] | 74.4%[3+] | +13.7% |
| Guidance | — | — | provided |
| Management tone | neutral[7] | — | — |
| Period | Reported | Rev act / est | EPS act / est | 1d | 5d |
|---|---|---|---|---|---|
| 2026-05-31 | Jun 24, 2026 | unavailable / $35.25B[8+] | $24.89[8+] / $20.98[8+] | unavailable | unavailable |
| 2026-02-28 | Mar 18, 2026 | unavailable / $19.51B[8+] | $12.20[8+] / $9.31[8+] | unavailable | unavailable |
| 2025-11-30 | Dec 17, 2025 | unavailable / $12.88B[8+] | $4.78[8+] / $3.94[8+] | unavailable | unavailable |
| 2025-08-31 | Sep 23, 2025 | unavailable / $11.16B[8+] | $2.83[8+] / $2.69[8+] | unavailable | unavailable |
| 2025-05-31 | Jun 25, 2025 | unavailable / $8.85B[8+] | $1.68[8+] / $1.45[8+] | unavailable | unavailable |
| 2025-02-28 | Mar 20, 2025 | unavailable / $7.9B[8+] | $1.56[8+] / $1.28[8+] | unavailable | unavailable |
| 2024-11-30 | Dec 18, 2024 | unavailable / $8.71B[8+] | $1.79[8+] / $1.77[8+] | unavailable | unavailable |
| 2024-08-31 | Sep 25, 2024 | unavailable / $7.63B[8+] | $1.18[8+] / $1.14[8+] | unavailable | unavailable |
Now turning to guidance: we expect fiscal Q4 revenue to be a record $50 billion, plus or minus $1 billion; gross margin to be approximately 86%; and operating expenses to be approximately $1.65 billion. Based on a share count of approximately 1.15 billion diluted shares, we expect EPS to be a record $31 per share, plus or minus $1.[10]
Call takeaway
Management tone is neutral, guidance tone is more positive, and risk language is unavailable. Extracted 5 analyst questions and 4 adjacent management responses from the original transcript.[7]
...ided. That suggests not that much would be covered at a floor price, but then you also said that 40% of revenue will be moving inside of these SCAs. Can you double click on that and help us think about how much revenue per year would be guaranteed under a floor-price scenario?
I'm trying to figure out when you get to a full run rate—by next fiscal Q4, will you be at a full run rate of what is being covered by these SCAs? Can you help us feather that in?
Should we think of that as sort of an escrow or collateral account where, if customers cancel, you would have access to the cash? If it is not revenue, what is the point of the deposit and what is its relationship with the RPO, if there is one?
Is the cash related to a take-or-pay? It is not a prepayment. Can you help us understand?
...for CapEx? And when you contemplate capital returns, particularly after December 9, will you include that cash in your gross cash thoughts and your thoughts around capital returns, or does the fact that you will have to return it eventually cause you to hold more gross cash?
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Missing: news, revisions
Conflicts: Calendar revenue estimate differs from the same-quarter consensus; using the same-quarter consensus.; Calendar EPS estimate differs from the same-quarter consensus; using the same-quarter consensus.