en.Wedoany.com Reported - U.S. memory semiconductor company Micron Technology's third fiscal quarter results significantly exceeded market expectations, with revenue reaching $41.46 billion, more than quadrupling from $9.3 billion in the same period last year. Following the earnings release, Micron's stock rose approximately 10% in after-hours trading.

Micron released its third fiscal quarter earnings report for the period ending May 28, 2026, on the 24th (local time). Net profit for the quarter was $28.24 billion ($24.46 per share), a sharp increase from $1.89 billion ($1.68 per share) in the same period last year. This revenue figure exceeded the Wall Street consensus of $35.84 billion compiled by research firm LSEG, marking the highest third fiscal quarter revenue in Micron's history.

The performance growth was primarily driven by expanding demand for artificial intelligence (AI). Chairman, President, and CEO Sanjay Mehrotra stated that the record third fiscal quarter results and fourth fiscal quarter outlook reflect the strategic value of memory in the AI era, and that multi-year strategic customer contracts will enhance the sustainability and predictability of Micron's financial performance.

By business segment, the data center division saw the largest increase, with revenue rising from $1.53 billion in the same period last year to $11.5 billion, a more than sevenfold increase. Data center solid-state drive (SSD) revenue exceeded $5 billion. Cloud memory revenue reached $13.77 billion, growing over 300%. The mobile and client business segment revenue reached $11.52 billion, growing over 250%. Automotive and embedded memory revenue reached $4.63 billion, more than quadrupling.

Micron stated that AI demand will lead to a memory supply shortage continuing beyond 2027. In terms of products, Micron's fourth-generation high-bandwidth memory (HBM) based on 1-beta DRAM has begun mass shipments to major customer platforms, and the next-generation product HBM4E is under development, targeting mass production in 2027.

Micron has signed 16 long-term contracts lasting 3 to 5 years with data center operators, automakers, and others, guaranteeing sales volumes. Fourth fiscal quarter revenue is expected to be approximately $50 billion, higher than the $11.3 billion in the same period last year and the Wall Street expectation of $43.58 billion. Micron also announced it will pay a dividend of $0.15 per share in July.

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