Micron Technology stock gains on record revenue and AI demand

Published on 09/03/2026 at 16:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Micron Technology stock holds near USD 956 after a 2.43 percent gain, while fiscal third-quarter 2026 revenue reached USD 41.46 billion and fourth-quarter guidance points to about USD 50 billion.

Bauhaus-Konstruktivismus-Poster mit abstrakten gestapelten Rechtecktürmen als High-Bandwidth-Memory-Stacks in Primärfarben Rot, Gelb, Blau und Schwarz auf Weiß — Micron Technology US5951121038 HBM Speicherstacks als abstraktes Bauhaus Konstruktivismus Poster in Primärfarben, Illustration mit AI erstellt.

Micron Technology stock (ISIN US5951121038) held near USD 956 after a 2.43 percent move, while the company matched that strength with fiscal third-quarter 2026 revenue of USD 41.46 billion and non-GAAP gross margin of 84.9 percent, according to recent market coverage and earnings reporting on September 3, 2026.

Revenue jumps again

Recent coverage said fiscal third-quarter 2026 revenue rose to USD 41.46 billion from about USD 9.3 billion a year earlier, a jump of 345.8 percent. GAAP diluted EPS reached USD 25.11, and the report also pointed to a record gross margin of 84.9 percent.

The same coverage said Micron expects fiscal fourth-quarter 2026 revenue of about USD 50 billion, plus or minus USD 1 billion, with gross margin around 86 percent. That puts the next quarter above the USD 41.46 billion already reported for fiscal third-quarter 2026.

AI memory stays central

MarketBeat reported an average Buy rating and a consensus target price of USD 1,295.63, while also noting that analysts expect USD 72.93 in earnings per share for the current fiscal year. The stock also traded with a market capitalization of about USD 1.08 trillion and a 52-week range of USD 118.52 to USD 1,255.00.

A separate report said Micron shares opened at USD 956.08 on September 2, 2026, after a 2.43 percent daily gain. That leaves the stock near the upper end of its 52-week band.

Go deeper

Micron memory chips and AI demand

Micron's latest quarter and guidance both point to memory demand, especially for AI data centers and high-bandwidth memory.

Micron Technology details Investor Relations

HBM is the product story

High-bandwidth memory remains the product line investors are watching, and a current report said Micron plans to roughly double HBM production capacity by year-end. The same reporting said the target is about 100,000 wafers per month, with HBM4 supply seen as the next step in the buildout.

Stock near the high zone

Micron Technology stock traded at USD 956.08 on September 2, 2026, with a market capitalization of USD 1.08 trillion and a 52-week range of USD 118.52 to USD 1,255.00. The share price therefore sits close to the top of its yearly band.