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Micron's AI Surge Rivals Nvidia's Past Growth
25 Jun
Summary
- Micron reported fiscal Q3 2026 earnings with $41.5B revenue.
- Profits reached $28B, surpassing Nvidia at a similar growth stage.
- Micron's market cap is one-third of Nvidia's comparable valuation.
Micron Technology announced stellar fiscal Q3 2026 results, with revenue hitting $41.5 billion. This financial performance significantly surpassed market expectations, leading to an 18% surge in its shares during pre-market trading. The company's demand for high-bandwidth memory (HBM) and DRAM continues to fuel its growth.
Micron's profitability reached $28 billion in the last quarter. This figure notably exceeds the $19 billion net income Nvidia reported at a comparable stage of its AI-driven expansion. The company's current market capitalization stands at approximately $1.2 trillion.
This valuation is roughly one-third of Nvidia's when it achieved similar revenue and profit milestones. While Nvidia remains a dominant force in AI, Micron's recent earnings demonstrate its substantial progress and potential as a key beneficiary of the ongoing AI infrastructure build-out.
