Micron Q3'26 Earnings Beat — Revenue $9.09B · EPS $1.91 · Q4 Guidance Raised
Published · Updated · By Investus editorial desk (SUNRYU Partners)
Micron Q3 FY2026 recorded an earnings beat: revenue $9.09B (vs est. $8.8B), EPS $1.91 (vs est. $1.60, +19% beat), YoY +58% growth. Q4 guidance also above consensus. AI server HBM demand explosion is the key driver.
Q3 FY2026 Results
• Revenue: $9.09B (beat est. $8.8B)
• EPS: $1.91 (vs est. $1.60 · +19% earnings beat)
• Gross margin: ~38% est.
• YoY revenue growth: +58%
Q4 FY2026 Guidance
• Revenue guidance: $9.8B–$10.2B
• Above consensus estimate
• HBM supply concentrated to AI data centers
• NAND price recovery expected
AI Memory Demand (Key Driver)
• H100/H200 servers: use HBM3e
• NVIDIA GB200 NVL72: HBM demand surge
• Micron HBM4 development near completion
• Closing gap on SK Hynix for #2 market position
Semiconductor Cycle Implications
NAND recovery + DRAM stable + HBM explosion
= AI semiconductor supercycle entry officially confirmed
Beyond Micron alone → positive for entire semiconductor sector.
Sources & further reading
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