$MU
MICRON Q1 2026 EARNINGS:
- Major Q3 beat, reporting adjusted gross margin of 84.9%, above the 81.9% consensus.
- Q3 revenue came in at $41.46B, ahead of expectations of $35.59B.
- Adjusted EPS was $25.11, beating the $20.60 consensus estimate.
- For Q4, Micron guided revenue to $49B–$51B, above the $43.24B Street estimate.
- The company expects Q4 adjusted gross margin of around 86%, versus expectations of 83.6%.
- Management said it expects tight memory supply conditions to persist beyond calendar 2027, driven by strong AI demand across all end markets.
Pretty mind blowing numbers, Micron $MU helping the entire market after hours.
Massive win for crypto.
🇺🇸 US Congress just passed the CBDC bill, banning the Fed from issuing a digital dollar until 2030. President Trump is expected to sign it next.
Bullish for the growth of stablecoins like USDT and USDC, which can now thrive without direct competition from the Fed.