Micron Technology (MU) Earnings Preview: $23.86B Revenue Beat
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowMicron Technology (MU) is set to report fiscal Q3 2026 results on June 24, after achieving a revenue of $23.86 billion in the prior quarter, which exceeded consensus expectations by 22.28%. The company also reported non-GAAP EPS of $12.20, compared to an estimate of $8.73. Management has guided for next-quarter revenue at $33.5 billion with gross margins near 81%. In addition, CEO Sanjay Mehrotra announced a 30% increase in the dividend to $0.15 per share, highlighting the strategic value of memory in the AI sector.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Micron Technology Inc. (MU)
Micron Technology is a leading maker of memory chips, spanning DRAM and NAND flash.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier MU news
- Micron (MU) Stock Surges 4.5% Following Strategic Agreement
- Micron (MU) Expects 268% Revenue Growth by June 24 Earnings Report
- Micron Earnings Ahead: Nvidia, SpaceX, U.S.-Iran Talks Impact Stocks
- Micron Technology (MU) Stock Surges 130% Led by AI Demand in 2026
- Intel (INTC) and Micron (MU) lead premarket stock movements today
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