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Micron Technology Inc (NASDAQ: MU) is in focus this morning after reporting a strong Q3 and offering equally encouraging guidance for the future.
Micron Technology Inc MU shares fell Thursday in early trading, despite the company on Wednesday reporting upbeat fiscal third-quarter earnings.
Micron CEO Sanjay Mehrotra said Thursday that although AI-enabled PCs have seen less penetration than expected, the memory chip company expects them to grow in 2026.
Micron CEO Sanjay Mehrotra on Thursday said the tech company's new HBM4 chip is the "most complex memory product ever made" and will be key in addressing larger generative AI models.
Micron stock slid Thursday despite the memory-chip giant delivering a beat-and-raise fiscal third-quarter earnings report.
Micron delivered strong Q3 results, driven by surging AI demand and rapid ramp-up of high-bandwidth memory (HBM3E) shipments. Micron crushed estimates for the third fiscal quarter amid strong fundamentals in the Data Center industry. AI-led growth fueled record DRAM revenue and a massive 359% year-over-year increase in adjusted free cash flow, supporting a bullish outlook.
Micron Technology Inc (NASDAQ:MU) stock is 1.7% lower to trade at $125.06 at last check, despite the chipmaker's fiscal third-quarter earnings and revenue beat.
MU beats Q3 earnings with 208% EPS growth and strong HBM demand, lifting guidance well above estimates for Q4.
Micron Technology, Inc.'s Q3 FY2025 results beat expectations, with revenue up 36.6% YoY and margins showing recovery, driven by a favorable DRAM/data center mix. NAND revenue grew faster than DRAM QoQ, but pricing remains weak; management is cautious about capacity due to a challenging market environment. Tariff risks appear more contained than previously feared, and AI-driven demand is fueling optimism for continued growth into 2026, especially in HBM.
It should have been no surprise that Micron's NASDAQ: MU FQ3 earnings report was a blowout. Its position in the memory market, the normalization of end markets, and the rise of AI are driving business and indications across the spectrum are favorable.