Micron Technology, Inc. Reports Record Results for the Third Quarter of Fiscal 2026

June 25, 2026 - 01:09

BOISE, Idaho -- Micron Technology, Inc. reported financial results for the third quarter of fiscal 2026, posting record revenue of $41.46 billion. The figure marks a sharp increase from $23.86 billion in the prior quarter and $9.30 billion during the same period last year.

The company attributed the surge to the execution of transformational strategic customer agreements. GAAP net income came in at $28.24 billion, or $24.67 per diluted share. On a non-GAAP basis, net income was $28.86 billion, or $25.11 per diluted share.

The quarter ended May 28, 2026. Micron did not provide forward guidance in the release, but executives noted that demand across data center and memory markets remains strong. The company has been expanding production capacity to meet long-term contracts with key clients.

Micron's results reflect a broader trend in the semiconductor industry, where memory manufacturers have seen pricing stabilize and volumes rise after a period of oversupply. The company's ability to lock in strategic deals appears to have insulated it from spot market volatility.

Analysts had expected a strong quarter, but the magnitude of the revenue jump surprised many. The record performance positions Micron for continued growth as it ramps next-generation memory products.