Meet Micron, the under-the-radar chipmaker that just reported a 346% sales surge and helped stop a global AI selloff
Micron may not be a household name but it may just be among the most important tech companies in the AI era, and definitely one with a surprising backstory. Recommended Video On Thursday, the memory chipmaker reported an eye-popping 346% surge in quarterly revenue. As if that wasn’t enough, it reported a profit of $28.2 billion for the quarter, almost 15 times higher than the same quarter last year.
- ▪Micron may not be a household name but it may just be among the most important tech companies in the AI era, and definitely one with a surprising backstory.
- ▪Recommended Video On Thursday, the memory chipmaker reported an eye-popping 346% surge in quarterly revenue.
- ▪As if that wasn’t enough, it reported a profit of $28.2 billion for the quarter, almost 15 times higher than the same quarter last year.
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| Original publisher | Fortune |
| Canonical URL | https://fortune.com/2026/06/26/micron-technology-346-percent-revenue-surge-ai-memory-chips-hbm-earnings-2026/ |
| Publication time | Fri, 26 Jun 2026 07:02:00 +0000 |
| Retrieval time | 2026-06-26T07:27:29.857Z |
| Last seen | 2026-06-26T07:27:29.857Z |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
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| Cluster | 2cy163K_qPJP |
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| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
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| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Micron may not be a household name but it may just be among the most important tech companies in the AI era, and definitely one with a surprising backstory. Recommended Video On Thursday, the memory chipmaker reported an eye-popping 346% surge in quarterly revenue. As if that wasn’t enough, it reported a profit of $28.2 billion for the quarter, almost 15 times higher than the same quarter last year. By all accounts, the company blew past analyst expectations, sending its stock soaring almost 16% in after-hours trading. The rally continued into Thursday evening, with Micron’s shares closing up 15% at $1,213 per share.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
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