Why did MU move on Jun 24, 2026?

Micron's stock surged 12% in after-hours trading following the release of its fiscal third-quarter earnings, which featured an adjusted EPS of $25.11 that beat the $20.60 analyst estimate alongside a revenue beat of $41.46 billion [6, 15]. The company also issued highly optimistic fourth-quarter guidance, forecasting adjusted revenue of $49 billion to $51 billion (well above the $43.24 billion estimate) [16, 17] and adjusted EPS of $30 to $32 (beating the $25.31 estimate) [33, 34]. Additionally, Micron reported that rapid AI-driven demand is expected to keep memory market conditions tight beyond calendar year 2027 [35, 36].