Micron (MU) Profit Soars 1,400%, Shares Rocket to Fresh High

Micron Technology Inc. (NASDAQ:MU) is one of the 9 Stocks Winning by Double Digits.

Micron Technology soared to a new all-time high on Thursday, as investors gobbled up shares after reporting a stellar earnings performance in the third quarter of fiscal year 2026.

In intra-day trading, its stock climbed to its highest price of $1,255 before trimming gains to finish the session just up by 15.81 percent at $1,213.56 apiece.

In an updated report, Micron Technology Inc. (NASDAQ:MU) said that its net income for the period soared by 1,398 percent to $28.2 billion from only $1.88 billion in the same period last year, thanks to the strong demand from the artificial intelligence sector.

Revenues also increased by 346 percent to $41.456 billion from $9.301 billion year-on-year.

"Micron's record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era," Micron Technology Inc. (NASDAQ:MU) Chairman, President, and CEO Sanjay Mehrotra said.

"Micron is investing at record levels in technology, products, and supply to address our customers' rapidly growing demand. We believe our multi-year Strategic Customer Agreements will significantl

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/micron-mu-profit-soars-1-031148182.html)