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Micron stock jumps 15% as soaring prices from memory crunch lead to quadrupling of revenue

Micron reported fiscal third-quarter revenue of $41.46 billion, more than quadrupling its results from a year prior. The company's stock rose significantly following a blowout report and positive guidance. High demand for memory chips in data centers and AI applications drove the growth.

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What changed

Micron released its fiscal Q3 2026 earnings report showing record revenue and a sharp increase in stock price.

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  1. Micron Shares Surge After Record Q3 Revenue Driven by AI Demand

    Micron reported fiscal third-quarter revenue of $41.46 billion, more than quadrupling its results from a year prior. The company's stock rose significantly following a blowout report and positive guidance. High demand for memory chips in data centers and AI applications drove the growth.

    What's confirmed:

    • Micron reported fiscal third-quarter revenue of $41.46 billion.
    • Revenue more than quadrupled from $9.3 billion a year earlier.
    • The company's revenue increased by over $9 billion from the previous quarter.
    • Strong demand from data centers and AI drove the company's results.
    • Micron's stock price surged following the earnings report.

    Still unconfirmed:

    • Micron briefly surpassed Meta and Tesla in market value.
    confidence 90%