Micron Guided a Single Quarter to $50 Billion. The Stock Sits 24% Below Its High.
The memory maker's guidance calls for more revenue in one quarter than it generated in any full year of its history. The stock trades as if the boom won't last.
Overview
Micron Technology's (NASDAQ:MU) fiscal third quarter of 2026 (the period ended May 28, 2026) produced $41.5 billion of revenue. The company's entire fiscal 2025, its biggest year to that point, produced $37.4 billion. The memory specialist collected more revenue in 13 weeks than in its whole previous year.
Alongside that late-June report, Micron guided the fiscal fourth quarter to $50.0 billion of revenue, give or take $1.0 billion, with gross margin around 86%. The earnings guide is $31.00 per share, give or take a dollar, on a non-GAAP (adjusted) basis.
Details
That implies nearly $36 billion of adjusted profit in a single quarter.
Source
Originally published at www.fool.com.
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