The shares of the American multinational semiconductor company Micron Technology, Inc. soared by more than 10% on Wednesday after the company reported its financial results for the third quarter of its fiscal year 2026, delivering a "record" $41.46 billion in revenue, more than quadrupling on a yearly basis.
According to a statement from Micron, revenue rose by 345% from $9.3 billion the previous year. The corporation stated that it anticipates revenue of roughly $50 billion for the fourth quarter, up from $11.3 billion in the same period last year. During the third trimester, net income was $28.24 billion, or $24.67 per share, as opposed to $1.9 billion, or $1.68 per share, during the same time last year.
The chip maker's shares added 10.31% in after-hours trading, to go for $1,155.5 apiece.
https://breakingthenews.net/Article/Micron-soars-10-as-Q3-revenue-quadruples/66568980
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