Back to top

Image: Bigstock

Micron (MU) Reports Q3 Earnings: What Key Metrics Have to Say

Read MoreHide Full Article

For the quarter ended May 2026, Micron (MU - Free Report) reported revenue of $41.46 billion, up 345.7% over the same period last year. EPS came in at $25.11, compared to $1.91 in the year-ago quarter.

The reported revenue represents a surprise of +12.91% over the Zacks Consensus Estimate of $36.72 billion. With the consensus EPS estimate being $21.39, the EPS surprise was +17.39%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Micron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Revenue by Technology- DRAM: $31.33 billion versus $27.23 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +343.1% change.
  • Revenue by Technology- Other (primarily NOR): $185 million versus $89 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +146.7% change.
  • Revenue by Technology- NAND: $9.94 billion versus the five-analyst average estimate of $7.81 billion. The reported number represents a year-over-year change of +361.4%.

View all Key Company Metrics for Micron here>>>

Shares of Micron have returned +17.4% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

Published in