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Micron posts $28 B profit, shares jump 16% ?

6/25/2026

34 3 Full Breakdown

Summary

Micron Surges

Micron Technology posted $28.2 billion profit, 346% revenue growth and $22 billion in customer commitments, lifting its stock over 16% Thursday.
The Nasdaq, S&P 500 and Dow rose 2.15%, 0.75% and 0.3% in pre-market trade.
Kospi jumped 5.4% after a 10% tumble, with SK Hynix up 13% on a Nasdaq plan and Samsung down over 12%.
Sandisk, Western Digital, Intel and Qualcomm each rose 5%-14% while WTI crude slipped below $70 a barrel.

Summary

Micron Posts Surge

Micron posted net income of $28.24 billion, up from under $2 billion a year earlier.
The quarter’s gross margin hit about 85% while management lifted fiscal-year capital spending to roughly $27 billion.
Micron said its entire 2026 high-bandwidth memory output is sold under fixed-price contracts, and that sixteen long-term deals lock roughly $22 billion of commitments through 2027.

History

Historical Context

Intel's Feb 26 1999 launch of the Pentium III sparked a sharp rise in DRAM purchases, echoing earlier memory boosts from the 1995 Pentium Pro, which introduced on-package L2 cache ranging from 256 KB to 1 MB. The pattern shows new x86 CPUs and AMD’s parallel processor advances repeatedly driving memory demand, a trend now repeating with AI-intensive workloads.

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Micron Surges

Micron Technology posted $28.2 billion profit, 346% revenue growth and $22 billion in customer commitments, lifting its stock over 16% Thursday.
The Nasdaq, S&P 500 and Dow rose 2.15%, 0.75% and 0.3% in pre-market trade.
Kospi jumped 5.4% after a 10% tumble, with SK Hynix up 13% on a Nasdaq plan and Samsung down over 12%.
Sandisk, Western Digital, Intel and Qualcomm each rose 5%-14% while WTI crude slipped below $70 a barrel.

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