Micron Just Eliminated Its Biggest Risk With This Brilliant Move, and Investors Are Loving it
Source: Motley Fool
2026-06-25 08:05:00 ET
Coming into Micron's (NASDAQ: MU) fiscal third-quarter earnings report, investors were expecting another round of smashing results, and the memory chip stock delivered.
Revenue jumped 346% year-over-year to $41.5 billion, ahead of estimates at $35.3 billion, and adjusted earnings per share surged from $1.91 to $25.11, topping the consensus at $20.28.
However, what's more important than the third-quarter results is where the company is headed. A shortage in memory chips has sent prices soaring, driven by AI-related demand, sending memory stocks skyrocketing across the board.
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