business
Micron Just Beat Wall Street and It ‘Reset the Entire Industry’
Key takeaways
- GAAP gross margins expanded from 38% to 85% year over year, a software-like profile driven by pricing power in tight HBM supply, not volume.
- CEO Sanjay Mehrotra's multi-year Strategic Customer Agreements argue this memory upcycle carries durability past cycles lacked.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut.
Micron Just Beat Wall Street and It ‘Reset the Entire Industry’ Omor Ibne Ehsan Fri, June 26, 2026 at 11:55 PM GMT+7 4 min read MU Quick Read Micron (MU) guided Q4 revenue to $50B, roughly $7B above Wall Street consensus, sending the stock up 16% to an all-time high.
GAAP gross margins expanded from 38% to 85% year over year, a software-like profile driven by pricing power in tight HBM supply, not volume.
CEO Sanjay Mehrotra's multi-year Strategic Customer Agreements argue this memory upcycle carries durability past cycles lacked.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Bloomberg Markets
Wall Street Embraces the Dollar as Warsh’s Fed Activates Bulls
Bloomberg Markets
Novak Djokovic Joins General Atlantic in His Wall Street Debut
9to5Mac
Wall Street isn’t buying Apple’s unprecedented price hikes on products
CoinDesk
Wall Street's IPO revival hasn't reached dot-com euphoria levels, Goldman Sachs says
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop