Micron Technology expects third-quarter 2026 revenue between $32.8 billion and $34.3 billion. The company forecasts earnings per share ranging from $18.75 to $19.55. These figures significantly surpass analyst estimates of $22.4 billion in revenue and $10.50 per share.
Surging demand for High-Bandwidth Memory (HBM) for artificial intelligence applications is driving a memory super-cycle. Micron reports its HBM supply is sold out through 2026. The company is also expanding its AI ecosystem through strategic partnerships and increased institutional investment.