Micron Technology (MU) Earnings Preview: $23.86B Revenue Beat

Micron Technology (MU) is set to report fiscal Q3 2026 results on June 24, after achieving a revenue of $23.86 billion in the prior quarter, which exceeded consensus expectations by 22.28%. The company also reported non-GAAP EPS of $12.20, compared to an estimate of $8.73. Management has guided for next-quarter revenue at $33.5 billion with gross margins near 81%. In addition, CEO Sanjay Mehrotra announced a 30% increase in the dividend to $0.15 per share, highlighting the strategic value of memory in the AI sector.