Micron Technology lifts AI outlook again, shares surge after record quarter

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-25, 16:27.

Micron Technology (US5951121038) reported record fiscal third-quarter results and lifted its AI-related outlook, sending the NASDAQ-listed shares markedly higher. The memory specialist surprised the market with stronger-than-expected guidance and fresh customer deals, according to a Reuters market wrap on Thursday.

What the latest results show

Micron posted fiscal third-quarter revenue of around 90 billion dollars on a trailing-twelve-month basis, with net income above 50 billion dollars and earnings per share above 44 dollars, driven predominantly by AI data-center demand. According to a Nasdaq-focused Micron earnings recap, revenue rose more than 70 percent sequentially and over 300 percent year-on-year as pricing and volumes improved across dynamic random-access memory and NAND products.

Investors reacted positively after Micron disclosed about 22 billion dollars in long-term AI customer commitments, which underpin higher utilization at its fabs and support its forward guidance. A Reuters sector piece noted that these figures helped revive risk appetite for chipmakers and powered gains across semiconductor peers on the NASDAQ and in Asia.

Analyst reactions and consensus picture

Analyst houses have started to recalibrate their Micron views following the earnings beat and raised outlook. Goldman Sachs maintained a Neutral rating and a 900 dollar price target, arguing that the strong quarter and guidance were already largely reflected in Micron’s rich valuation. Other analysts, including Rosenblatt and DA Davidson, raised their price targets, with at least one target moving as high as 2,000 dollars on the back of stronger margin visibility and AI demand strength, as summarized by Investing.com.

Overall, Micron continues to carry a Strong Buy consensus on several platforms, with an average price target around 1,150 to 1,160 dollars per share. On a German-language analyst aggregation, approximately two-thirds of analysts are cited with a Strong Buy stance, underlining how the stock has become a proxy for high-bandwidth memory and data-center spending.

The product behind Micron’s growth

Micron’s current momentum is closely tied to its high-bandwidth memory lines for AI accelerators and servers, marketed alongside its traditional DRAM and NAND portfolio. These components underpin data-center buildouts for training and inference, as well as premium devices from PC makers and smartphone manufacturers that need higher capacity and bandwidth.

Where the shares trade today

Micron Technology shares (US5951121038) trade on 2026-06-25, 14:43 on the NASDAQ at around 1,222.00 US dollars after a gain of more than 16 percent compared with the previous session.

This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities.