In 2026, the AI hardware hot spot has shifted from compute to memory. As AI trades in U.S. equities start to wobble, Micron’s prints have turned into the new bellwether. $Micron Tech(MU.US) reported after-market on Jun 24 (FQ3 FY26 for the quarter ended end-May), and it delivered, taking up the mantle as the AI infra standard-bearer.

Results speak for themselves: broad-based strength. Key takeaways: 1) Headline results: revenue of $41.5bn, up 74% QoQ, marking a second consecutive quarter with 70%+ QoQ growth...

Below is Dolphin Research's compilation of Micron Technology's FY26 Q3 earnings call Trans.

1) FQ4 guidance (record): revenue of $50 bn (±$1 bn), GPM about 86%, and OpEx around $1.65 bn.

The FQ4 GPM guide already factors in a clear slowdown in price increases.

Below is Dolphin Research's Trans of the $Micron Tech(MU.US) FY26 Q2 earnings call.

For our earnings take, see 'Micron (MU): AI-fueled memory surge — can it break the cycle?'

Key management highlights: 1) Industry outlook: industry DRAM bit shipments in 2026 are expected to grow in the low-20% range (approx. 22%)...

Micron (MU) posted FQ2 (FY26) results (quarter ended Jan 2026) after the U.S. close in the early hours of Mar 19 Beijing time. Key takeaways: (1) overall results.

Revenue was $23.86bn (+75% QoQ), beating raised buy-side est. of $19.9bn. Growth was driven by both DRAM and NAND, each up 70%+ QoQ.

GPM reached 74.4%, above the raised buy-side est. of 69%. Supported by a sharp rise in memory pricing...

Jensen Huang's keynote at CES 2026 reignited market enthusiasm for memory. In the Rubin architecture, higher DDR and NAND content vs. Blackwell is fueling another rally in memory stocks.

With AI demand fueling the current memory 'super cycle', the sector rallied again last night. Gainers included $Sandisk(SNDK.US) +27% and $Micron Tech(MU.US) +10%.

Fueled by AI demand, the memory upcycle that started in HBM has extended into mainstream DRAM/NAND. Using MU as an example, sustained ASP hikes have pushed GPM to elevated levels.

Following $Micron Tech(MU.US)'s post-earnings main call and breakout sessions, Dolphin Research highlights the core takeaways. Details as follows:

Below is Dolphin Research's FY2026 Q earnings call Trans for Micron. For the earnings analysis, see 'Micron MU: AI is energizing memory; is a new cycle starting?'.

Micron (MU) reported FY2026 Q1 results (quarter ended Nov 2025) in U.S. after-hours on Dec 18 (Beijing time). Key takeaways:

1) Overall results: $Micron Tech(MU.US) delivered revenue of $13.6bn (+20% QoQ), beating the Street at $12.9bn, with growth driven by both DRAM and NAND. GPM reached 56%, ahead of sell-side at 51% and above the buy-side’s raised bar at 52.5%...