$MU 💥
Micron Technology, Inc. Reports Record Results for the Third Quarter of Fiscal 2026‼️
Micron Technology, Inc. Posts Q3 Adjusted EPS $25.11 per Share‼️
Micron Technology, Inc. Reports Q3 Revenue $41.46B, vs. FactSet Est of $35.91B‼️
🚨 NEW ETF LAUNCHING
Roundhill and T-REX have filed to launch:
Roundhill T-REX 2X Long DRAM Daily Target ETF $RAM
The fund seeks 2x daily exposure to the Roundhill Memory ETF $DRAM
Effective June 24, 2026. Listed on Cboe.
🚨 NEW ETF LAUNCHING
Roundhill and T-REX have filed to launch:
Roundhill T-REX 2X Long DRAM Daily Target ETF $RAM
The fund seeks 2x daily exposure to the Roundhill Memory ETF $DRAM
Effective June 24, 2026. Listed on Cboe.
We are reiterating Buy on $MU with a $1,500 price target as the memory cycle continues to tighten faster than expected.
We expect F3Q26 revenue of $36.7B versus $33.5B guidance driven by DRAM and NAND ASPs rising 45–50% QoQ followed by another ~25% ASP increase in F4Q26.
Longer term we see DRAM/HBM capacity staying structurally tight into 2030 supporting EPS of $153 in CY27 and $190 in CY28.