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Micron Earnings Seen Rising 987% Amid AI Megatrend

Micron Technology reported fiscal Q3 2026 results on June 24, surpassing revenue and margin expectations. The company's stock reached record highs driven by AI data center demand and a supply deal with Anthropic. Analysts view the results as a benchmark for the broader AI rally.

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What changed

Micron officially reported fiscal Q3 2026 results with $41.46B in revenue.

Live updates

  1. Micron Exceeds Fiscal Q3 2026 Expectations Amid AI Demand

    Micron Technology reported fiscal Q3 2026 results on June 24, surpassing revenue and margin expectations. The company's stock reached record highs driven by AI data center demand and a supply deal with Anthropic. Analysts view the results as a benchmark for the broader AI rally.

    What's confirmed:

    • Micron reported fiscal Q3 2026 results on June 24 with $41.46B in revenue and a record 84.9% margin.
    • The memory-chip maker signed a supply deal with Anthropic.
    • Micron stock has reached record high territory.

    Still unconfirmed:

    • Micron earnings were expected to rise 987% amid the AI megatrend.
    • The company's stock price crossed $1,000 a share.
    • A $1600 price target is possible after earnings.
    • Micron gained 260% in 2026.
    • Data center revenue potential exceeds market expectations according to analyst Brendan Burke.
    confidence 90%