WS #10631
Micron reported Q3 FY26 revenue of $41.46B (beat by $6.2B) and Non-GAAP EPS of $25.11 (beat by $4.83), with gross margins of 84.9%, driving shares up ~10% after hours and boosting the semiconductor sector. Qualcomm raised its FY29 non-handset revenue target to $40B (2x prior), targeting $15B+ in data center AI revenue, $10B in automotive, and $14B+ in IoT, with FY29 non-GAAP EPS target of $18+.
Micron Earnings Blowout
Micron reported Q3 FY26 revenue of $41.46B (beat by $6.2B) and Non-GAAP EPS of $25.11 (beat by $4.83), with gross margins of 84.9%, driving shares up ~10% after hours and boosting the semiconductor sector.
Qualcomm raised its FY29 non-handset revenue target to $40B (2x prior), targeting $15B+ in data center AI revenue, $10B in automotive, and $14B+ in IoT, with FY29 non-GAAP EPS target of $18+.