How much better than expected were Micron's results?

Revenue came in at $41.5 billion（約6.6兆円） versus Wall Street's consensus estimate of $35.9 billion（約5.7兆円）, and adjusted EPS hit $24.67 compared to expectations of $20.86. For Q4, Micron is guiding to revenue of $50 billion（約8兆円） versus the expected $43.45 billion（約7兆円） and EPS of $31.00 versus the expected $25.43.

Which business segments drove the growth?

The cloud memory segment led with revenue of $13.7 billion（約2.2兆円） (up 306% year over year), followed by the data center business unit at $11.5 billion（約1.8兆円） (up 653%), mobile and client at $11.5 billion（約1.8兆円） (up 254%), and automotive and embedded at $4.6 billion（約7400億円） (up 311%).

How long does Micron expect strong demand to last?

Micron expects supply-demand conditions for both DRAM and NAND to remain tight beyond calendar 2027.

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Micron Technology delivered record earnings and projects even stronger growth, signaling robust AI chip demand that could last well beyond 2027.

Yahoo Finance AI1d ago4 min read

Key takeaway

Micron Technology posted record Q3 results with revenue of $41.5 billion（約6.6兆円） and earnings that soared more than 13 times, driven by booming demand for memory chips used in artificial intelligence. The company forecasts even stronger Q4 results and projects that chip supply shortages will persist beyond 2027, signaling sustained AI infrastructure investment.

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3 Key Points

What happened
Micron reported fiscal Q3 revenue of $41.5 billion（約6.6兆円） (up 346% year over year) and adjusted EPS of $24.67 (up more than 13 times), both far exceeding Wall Street expectations. For Q4, the company is guiding to $50 billion（約8兆円） in revenue (342% growth) and $31.00 adjusted EPS (10x increase).
Why it matters
Memory chips are critical to AI processing, and Micron's blowout results suggest the AI boom is far from slowing down. The company expects supply-demand conditions for both DRAM and NAND to remain tight beyond calendar 2027, indicating sustained investment demand from cloud and data center operators.
What to watch
Micron's gross margin is expected to climb to 86% in Q4, and the company plans to return 100% of excess cash to shareholders over time. Shares rose 15% in after-hours trading following the announcement.

FAQ

How much better than expected were Micron's results?: Revenue came in at $41.5 billion（約6.6兆円） versus Wall Street's consensus estimate of $35.9 billion（約5.7兆円）, and adjusted EPS hit $24.67 compared to expectations of $20.86. For Q4, Micron is guiding to revenue of $50 billion（約8兆円） versus the expected $43.45 billion（約7兆円） and EPS of $31.00 versus the expected $25.43.
Which business segments drove the growth?: The cloud memory segment led with revenue of $13.7 billion（約2.2兆円） (up 306% year over year), followed by the data center business unit at $11.5 billion（約1.8兆円） (up 653%), mobile and client at $11.5 billion（約1.8兆円） (up 254%), and automotive and embedded at $4.6 billion（約7400億円） (up 311%).
How long does Micron expect strong demand to last?: Micron expects supply-demand conditions for both DRAM and NAND to remain tight beyond calendar 2027.

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