Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow

Micron Technology surged after blockbuster earnings and strong guidance, lifting AI memory stocks.

Melinda 20 hours ago 3 minutes read

Markets

Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow

Micron Technology surged after blockbuster earnings and strong guidance, lifting AI memory stocks.

By James Van Straten|Edited by Jamie Crawley

Jun 25, 2026, 10:01 a.m.

2 min read

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Memory chips (dujin yun/Pixabay) — (dujin yun/Pixabay)

Summary

Micron (MU) beat Wall Street expectations and forecast stronger than expected Q4 revenue, sending AI memory stocks including SanDisk (SNDK) and SK Hynix higher.
Third-quarter revenue came in at $41.5 billion versus estimates of $35.7 billion, while earnings per share (EPS) reached $25.11 compared with expectations of $20.49.
CEO Sanjay Mehrotra said there is “no line of sight” to AI memory supply catching up with demand, with shortages expected to continue beyond 2027.

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