Breaking News
Jun 25, 2026
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Micron Technology soared 17.7% to $1,234.52 after the computer memory maker reported solid results in the fiscal third quarter ending in May.
Revenue soared to $41.5 billion from $9.3 billion, net income advanced to $28.2 billion from $1.9 billion, and diluted earnings per share rose to $24.67 from $1.68 a year ago.
The company estimated revenue in the fiscal fourth quarter to jump to $50 billion from $11.3 billion a year ago.
Revenue in the cloud memory unit soared fourfold to $13.7 billion from $3.3 billion; the core data center business unit advanced sevenfold to $11.5 billion from $1.5 billion; the mobile and client business unit jumped nearly fourfold to $11.5 billion from $3.2 billion; and the automotive and embedded business unit increased fourfold to $4.6 billion from $1.1 billion a year ago.
Gross margin as a percentage of revenue jumped to 84.6% from 74.4% in the previous quarter and 37.7% in the period a year ago.
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