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Micron Stock Rallies 15% on Q3 Beat; Revenue Hits $41.46B, HBM Demand Expected Through 2028

2026-06-25 06:02:00

According to Stocktwits, Micron Technology's third-quarter revenue reached $41.46 billion, beating analyst expectations of $35.3 billion, as shares rallied 15% in overnight trading ahead of Thursday. Earnings per share came in at $25.11, exceeding the expected $20.28. The strong results were driven by sustained AI-driven demand for high bandwidth memory (HBM), with Micron signaling that demand would persist through at least 2028. Gross margin more than doubled to 84.9%, while the company projects capital expenditures of $27 billion for fiscal 2026, about double the prior year's spending.

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