$MU ‌ Micron up 16% after trading hours on better than expected earning.



Revenue hit $41.46 billion against an estimate of $35.5 billion. EPS came in at $25.11 against an estimate of $20.40. Gross margins at 84.9% against an estimate of 81.8%. Every single metric a record. Every single one a beat.

Now look at Q4 guidance. Revenue guided at $50 billion plus or minus $1 billion. Wall Street was projecting $43.4 billion. EPS guided at $31.00. Estimate was $24.30. Gross margins guided at 86%. Estimate was 83%.

Every forward number demolished expectations.

Operating cash flow hit $25.39 billion this quarter alone. Free cash flow $18.3 billion. Cash on hand $30.2 billion.

Here is the hidden angle.

Two days ago the entire market decided AI memory demand was broken. Korea crashed 10%. Samsung and SK Hynix both down 12%.

Micron just showed the demand is not broken. It is accelerating.

HBM4 is already in high volume shipments for lead customers. HBM4E volume production expected in 2027. The next two generations of AI memory already in production or planned.

Revenue was $9.30 billion one year ago. Tonight it hit $41.46 billion. That is a 346% increase in twelve months.

Samsung and SK Hynix open significantly higher tomorrow. The Korea crash this week was panic selling into the strongest memory earnings in history.

The AI memory trade is not over. Micron just gave it a $41 billion confirmation.
MU-0.35%
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