Story perspectives

Micron Posts $41B Q3, Forecasts $50B, Shares Soar 842%

7/1/2026

Summary

Story summary

Micron Technology posted Q3 2026 revenue of $41.46 billion and net income of $28.24 billion, sparking an 842% stock rise in 52 weeks.
It forecast Q4 2026 revenue of $50.0 billion, non-GAAP EPS of $31.00 and gross margins near 86%.
Micron signed 16 take-or-pay contracts, 14 covering about $100 billion through 2030.
Analysts lifted price targets, with consensus now $1,365.28.
A June 25 suit alleging DRAM price fixing caused Micron’s shares to fall to $1,023.65.

History

Historical Context

The DOJ’s antitrust crackdown on DRAM cartels began with Infineon’s 2004 guilty plea and Samsung’s 2005 admission, the latter resulting in a $300 million fine – the second-largest U.S. antitrust penalty at the time. That precedent frames Micron’s June 2026 DRAM price-fixing suit, signaling renewed DOJ vigilance across the global industry.

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Story summary

Micron Technology posted Q3 2026 revenue of $41.46 billion and net income of $28.24 billion, sparking an 842% stock rise in 52 weeks.
It forecast Q4 2026 revenue of $50.0 billion, non-GAAP EPS of $31.00 and gross margins near 86%.
Micron signed 16 take-or-pay contracts, 14 covering about $100 billion through 2030.
Analysts lifted price targets, with consensus now $1,365.28.
A June 25 suit alleging DRAM price fixing caused Micron’s shares to fall to $1,023.65.

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