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News9/30/2026

Micron Technology's Earnings Beat Expectations as AI Chip Boom Drives Q3 Revenue Near 8.5 Trillion Yen

Explosive HBM and Data Center Business; Long-Term Contracts Cover a Third of Future Revenue, but Massive Capital Spending Pressures After-Hours Stock

Micron's third fiscal quarter revenue surged 4.8 times year-on-year to $54.2 billion, with a gross margin as high as 87%, fully surpassing market expectations. The company projects revenue growth each quarter through fiscal year 2027, but capital expenditures will approach 3.9 trillion yen within six months to address capacity shortages driven by AI demand.

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