- Stocks in Asia climbed alongside US equity futures after Micron's blowout sales outlook reignited confidence in the artificial-intelligence trade.
- Contracts for the Nasdaq 100 were up 1.6%, while those for the S&P 500 rose 0.5%.
- Shares of Micron, the largest US maker of computer memory chips, soared about 15% after the market close as its quarterly crushed Wall Street estimates.
- Micron reported adjusted earnings of $25.11 per share for the fiscal third quarter on revenue that more than quadrupled year-over-year to $41.46 billion, well above the adjusted EPS of $21.05 on revenue of $36.28 billion analysts called for.
- Its margins surged to 84.6%, from 74.4% the previous quarter and 37.7% a year ago, as the chipmaker raised prices amid an industrywide shortage of memory parts.
- Micron forecast current-quarter revenue of $49 billion to $51 billion and adjusted earnings per share of $30 to $32, also ahead of analysts' projections.
- CEO Sanjay Mehrotra stated, 'Micron’s record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era.'
Micron Technology's quarterly earnings have significantly impacted market sentiment, with shares soaring 15% after the company reported adjusted earnings of $25.11 per share and revenue of $41.46 billion, far exceeding analysts' expectations. This surge in performance has also boosted Asian stocks and US futures.4
The memory chip maker's revenue more than quadrupled year-over-year, reflecting a robust demand driven by the artificial intelligence sector. Micron's margins surged to 84.6%, up from 74.4% in the previous quarter and 37.7% a year ago, as the company capitalized on an industrywide shortage of memory parts.5
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Micron's forecast for the current quarter is equally optimistic, projecting revenue between $49 billion and $51 billion and adjusted earnings per share of $30 to $32, surpassing analysts' projections. CEO Sanjay Mehrotra emphasized the strategic importance of memory in the AI era, stating, “Micron’s record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era.” The positive outlook has reignited confidence in the AI trade, further buoying market sentiment.67
Contracts for the Nasdaq 100 rose 1.6%, while S&P 500 futures increased 0.5%, indicating a broader market response to Micron's results. The company's stock has seen a remarkable increase of nearly 270% for 2026 through Wednesday's close, underscoring its pivotal role in the tech landscape.2
“Micron's quarterly earnings exceeded Wall Street expectations, leading to a 15% surge in its stock. This positive performance has also lifted Asia stocks and US futures, reflecting renewed confidence in the AI sector.”
