Micron Technology reports 4.4x year-over-year revenue growth to $41.4 billion, signaling sustained AI-driven memory market strength.
Micron Technology posted fiscal third-quarter revenue of $41.4 billion, up 4.4 times year-over-year, as AI-driven demand for memory chips surged. Earnings per share rose 13x to $25.11, exceeding expectations and reinforcing the company’s growth trajectory.
The chipmaker’s guidance suggests tight memory supply will persist beyond 2027, with customers securing long-term contracts. Micron’s stock trades at 7 times forward earnings, while the Roundhill Memory ETF, up 118% in three months, offers exposure to the sector for under $60.
The ETF includes major memory players like Samsung, SK Hynix, and Sandisk, reflecting broad industry momentum. Analysts view the fund as a cost-effective way to capitalize on the AI memory supercycle without direct stock risk.