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Micron Technology (MU) delivered fiscal fourth-quarter adjusted earnings of $33.42 per share on revenue of $54.23 billion after the close on September 30, 2026, surpassing already elevated Wall Street consensus estimates of $31.72 per share and $51.49 billion amid what management described as one of the most severe memory shortages in industry history.
Revenue surged approximately 379% year-over-year from $11.32 billion, marking the company's seventh consecutive quarter of triple-digit percentage earnings growth — yet shares rose only 1.7% in after-hours trading compared to the options market’s implied move of 6.3%, a possible signal that extraordinary performance is now the baseline expectation.
