Micron tops Q3 earnings estimates, offers better-than-expected outlook and declares dividend

June 25, 2026 - 03:00

Micron Technology delivered stronger-than-expected results for its fiscal third quarter on Wednesday, surpassing Wall Street estimates on both earnings and revenue. The memory chip maker also provided an upbeat outlook for the current quarter, signaling continued demand in key markets.

For the quarter ended May 29, Micron reported adjusted earnings per share of $0.62, well above the $0.51 analysts had predicted. Revenue came in at $6.81 billion, also topping the consensus estimate of $6.67 billion. The company attributed the solid performance to improving conditions in the memory market, particularly for data center and artificial intelligence applications.

Looking ahead, Micron forecast fourth-quarter revenue of approximately $7.6 billion, plus or minus $200 million, compared to the $7.58 billion analysts were expecting. The company projected adjusted earnings of $1.08 per share, beating the $1.02 consensus.

In a move that signals confidence in its financial health, Micron also declared a quarterly dividend of $0.115 per share, payable on July 23 to shareholders of record as of July 9. The dividend announcement marks a return of capital to investors after a period of cautious spending.

Micron's results underscore a broader recovery in the semiconductor industry, driven by demand for high-bandwidth memory used in AI training and inference. The company noted that its data center revenue grew significantly year over year, while sales to the PC and smartphone markets remained stable.