Micron Technology Beats Earnings Expectations Following Anthropic Partnership
Micron Technology delivered a strong Q3 FY2026 performance, reporting $41.46 billion in revenue and $25.11 EPS, significantly exceeding Wall Street estimates. The company highlighted soaring AI-related demand, securing $22 billion in customer commitments for memory chips and forecasting future profit and revenue well above expectations. This financial success followed a strategic partnership with Anthropic to provide critical AI infrastructure. The positive momentum eased investor anxiety following a period of sector volatility and triggered a rally in South Korean semiconductor shares, signaling broad confidence in the continued growth of the AI memory market.
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