Micron Stock Soars 20% After Q3 Revenue Hits $41.46B, Raises Q4 Guidance
MU•Micron reported fiscal Q3 revenue of $41.46 billion and adjusted EPS of $25.11, driving shares up nearly 20% in premarket trading. The company set Q4 guidance for revenue of $50 billion ±$1 billion, EPS of $31.00 ±$1.00 and declared a $0.15 quarterly dividend.
1. Fiscal Q3 Performance
Micron posted revenue of $41.46 billion in fiscal Q3, up 345.7% year-over-year, and delivered adjusted earnings per share of $25.11, compared with $1.91 last year. Net income reached $28.24 billion, driven by robust AI memory demand across DRAM and NAND segments.
2. Q4 Guidance and Supply Outlook
The company forecast Q4 revenue of $50.0 billion ±$1 billion and adjusted EPS of $31.00 ±$1.00, anticipating persistent tight supply conditions through 2027 due to strong AI-driven demand. Management sees gradual supply improvement from 2028 but no clear timeline for supply-demand balance.
3. Market Reaction and Dividend
Shares climbed nearly 20% in premarket trading following the results and outlook. Micron also announced a $0.15 quarterly dividend payable July 21 to shareholders of record as of July 6, reflecting confidence in cash flow generation.
