Micron (MU) reports Q3 earnings: What key metrics have to say

For the quarter ended May 2026, Micron (MU - Free Report) reported revenue of $41.46 billion, up 345.7% over the same period last year. EPS came in at $25.11, compared to $1.91 in the year-ago quarter.

The reported revenue represents a surprise of +12.91% over the Zacks Consensus Estimate of $36.72 billion. With the consensus EPS estimate being $21.39, the EPS surprise was +17.39%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Micron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Revenue by Technology- DRAM: $31.33 billion versus $27.23 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +343.1% change.
• Revenue by Technology- Other (primarily NOR): $185 million versus $89 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +146.7% change.
• Revenue by Technology- NAND: $9.94 billion versus the five-analyst average estimate of $7.81 billion. The reported number represents a year-over-year change of +361.4%.