Micron’s quarterly revenue surged past estimates, with Q4 guidance exceeding consensus by nearly $7 billion amid strong AI memory demand.
Micron reported fiscal Q3 revenue of $41.46 billion, beating the $35.69 billion estimate by $5.7 billion. Adjusted EPS reached $25.11, up from the $20.49 forecast, while gross margin hit 84.9%, above the 81.9% projection.
The company guided Q4 revenue to a range of $49 billion to $51 billion, surpassing the $43.24 billion consensus. Gross margin guidance of approximately 86% for Q4 signals sustained pricing power and volume growth, driven by AI-driven memory demand.
The results underscore the expansion of the AI capital expenditure cycle, with implications for GPU suppliers, hyperscalers, and semiconductor peers. The print reinforces bullish sentiment for US tech equities and semiconductor ETFs.