$MU MICRON Q1 2026 EARNINGS: - Major Q3 beat, reporting adjusted gross margin of 84.9%, above the 81.9% consensus. - Q3 revenue came in at $41.46B, ahead of expectations of $35.59B. - Adjusted EPS was $25.11, beating the $20.60 consensus estimate. - For Q4, Micron guided revenue to $49B–$51B, above the $43.24B Street estimate. - The company expects Q4 adjusted gross margin of around 86%, versus expectations of 83.6%. - Management said it expects tight memory supply conditions to persist beyond calendar 2027, driven by strong AI demand across all end markets. Pretty mind blowing numbers, Micron $MU helping the entire market after hours.
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