TradingKey – Micron Technology ( MU) released its blockbuster fiscal third-quarter 2026 financial results, with revenue surging 346% year-over-year to $41.5 billion, non-GAAP diluted earnings per share (EPS) reaching $25.11, and gross margin leaping to 84.9%, with all three core metrics hitting record highs.

The explosive growth in AI memory demand and the implementation of 16 “take-or-pay” Strategic Customer Agreements (SCAs) have not only driven a surge in single-quarter performance but also reshaped the company’s business model.

Following the earnings release, Micron’s share price surged nearly 16% in a single day to hit a new all-time high, prompting Wall Street to raise price targets across the board, as the market widely believes…