Micron reports Q3 FY2026 revenue of $414.6 billion, net profit $282.4 billion, with Q4 guidance of $490–510 billion and operating cash flow of $253.9 billion. Stock surges 10%.

Micron Technology reported Q3 FY2026 results with revenue of $414.6 billion and net profit of $282.4 billion for the quarter ending May 28, 2026. This represents extraordinary growth, with revenue more than quadrupling year-over-year from $93.0 billion and doubling sequentially from $238.6 billion. Operating cash flow reached $253.9 billion, up from $119.0 billion the prior quarter and $46.1 billion a year earlier, reflecting the company's ability to convert revenue into cash at scale.

The company's forward guidance underscores sustained momentum in its core markets, with Q4 FY2026 revenue expected to reach $490–510 billion, representing further sequential growth. Adjusted earnings per share guidance of $30–32 for Q4 signals continued profitability expansion. The stock market responded positively with a 10% surge on the announcement.

For AI infrastructure buildout, these results reflect the critical role of memory and storage suppliers in scaling compute capacity. Micron's revenue inflection—growing from $93 billion year-ago to $414.6 billion—demonstrates the surge in demand for DRAM and NAND products essential to AI systems, data centers, and GPU infrastructure. The company's ability to generate substantial operating cash flow while doubling quarterly revenue suggests the industry is translating AI infrastructure investment into durable supply chain momentum.