Micron Technology stock gains on AI demand and record guidance

Published on 09/03/2026 at 06:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron Technology stock is trading near record levels after fiscal third-quarter 2026 revenue rose to USD 41.46 billion and guidance pointed to about USD 50 billion for fiscal fourth quarter 2026.

Isometrische 3D-Illustration einer Speichersubsystem-Architektur mit flachen Chip-Blöcken, leuchtenden Datenpfaden und gestapelten Chip-Packages auf dunkelblauem Hintergrund — Micron Technology US5951121038 Speicher Architektur als isometrisches 3D Diagramm mit leuchtenden Datenpfaden, Illustration mit AI erstellt.

Micron Technology (ISIN US5951121038) stock traded at USD 956.08 on September 2, 2026, while the company pointed to fiscal fourth-quarter 2026 revenue of about USD 50 billion, plus or minus USD 1 billion. The move comes as AI memory demand keeps the market focused on supply, pricing and the next earnings date.

Record quarter still matters

In fiscal third quarter 2026, Micron reported revenue of USD 41.46 billion, up 346 percent year over year from about USD 9.3 billion. GAAP diluted EPS reached USD 24.67, and non-GAAP gross margin expanded to 84.9 percent, according to recent coverage of the results.

The comparison is the key point: the quarter added USD 32.16 billion in revenue versus the prior year period, while earnings and margin both moved sharply higher. That scale helps explain why the stock has stayed close to recent highs even after a volatile start to September.

Guidance sets the tone

Micron's fiscal fourth-quarter 2026 guide for about USD 50 billion implies another step up from the USD 41.46 billion reported for fiscal third quarter 2026. The implied range of USD 49 billion to USD 51 billion is now the central number investors are watching.

Market data compiled on September 2, 2026 put the shares at USD 956.08 after a 2.43 percent daily gain, with a 52-week range of USD 92.22 to USD 1,254.64 in one widely tracked quote set. That leaves the stock close to the upper end of its yearly band.

Go deeper

Micron income from memory chips

Micron's latest quarter and guidance both point to memory pricing and AI demand as the main drivers behind the stock.

Micron Technology topic page Investor Relations

HBM stays in view

Micron's product mix is still led by DRAM, NAND and high-bandwidth memory used in AI servers and data centers. That matters because the company's most recent quarter showed how quickly higher memory pricing can feed through to revenue and margins.

Price and setup

Micron Technology stock closed at USD 956.08 on September 2, 2026, with a 52-week range of USD 92.22 to USD 1,254.64 in the cited market snapshot. The latest guide and the 84.9 percent gross margin keep the setup sensitive to the next report, which is scheduled for September 30, 2026.