Summary

• Micron delivered a blowout Q3 FY26 with revenue up 346% year-over-year, EPS beating estimates by 20% plus, and strong Q4 guidance signaling continued earnings power.
• Micron surged from $1.91 to $25.11 EPS in a year, reaching a $1 trillion valuation as AI-driven memory demand fuels triple-digit growth and long-term expansion.
• MU was flagged early by the Quant system and remains a top Quant-ranked stock, with a discounted sector-relative valuation, despite incredible gains over the past year.
• SA Quant has identified three additional semiconductor stocks with similarly powerful quant narratives.
• I am Steven Cress, Head of Quantitative Strategies at Seeking Alpha. I manage the quant ratings and factor grades on stocks and ETFs in Seeking Alpha Premium. I also lead Alpha Picks, which selects the two most attractive stocks to buy each month, and also determines when to sell them.

Micron Revenue Surges 346%: AI Memory Boom Fuels Blowout Earnings and $1T Rise

Micron’s (MU) earnings print marks its second release of 2026, kicking off a fresh leg of the AI chip cycle after blowout releases from its largest semiconductor

Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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