Micron Raises Q3 Revenue to $41.5B, Secures 16 Multi-Year Memory Deals
MU•Micron posted fiscal Q3 2026 revenue of $41.5 billion (17% above estimates) and operating income of $33.7 billion (22% above consensus). It set Q4 capex guidance at $10 billion ($30 billion for fiscal year) after securing 16 strategic agreements covering 20% of DRAM and one-third of NAND through 2030.
1. Fiscal Q3 Earnings Beat
Micron reported Q3 revenue of $41.5 billion, 17% above estimates, and operating income of $33.7 billion, 22% above expectations, driven by AI and data center demand.
2. Strategic Customer Agreements
The company signed 16 agreements covering 20% of DRAM and one-third of NAND volume through 2030, establishing price floor and ceiling bands to reduce cycle volatility.
3. Capex Guidance and Outlook
Micron set Q4 capex at $10 billion, bringing full-year guidance to $30 billion, reflecting continued investment in high-bandwidth memory for AI applications.
4. Quarterly Dividend Declared
The board approved a $0.15 per share dividend payable on July 21, delivering $15 per 100 shares to eligible stockholders.
