Earnings on IT News

Micron Posts $28.2 Billion Net Profit in Q3 FY2026, Up 1,398% as AI Memory Boom Intensifies

Thu, 25 Jun 2026 00:00:00 +0800

Micron Technology has delivered what may be the most explosive quarterly earnings report in semiconductor history. For the third quarter of fiscal 2026, the memory giant posted net income attributable to shareholders of $28.24 billion — a staggering 1,398% increase year-over-year — on revenue that nearly quadrupled to $41.46 billion, far exceeding the $33.5 billion consensus estimate. Gross margin soared to an all-time high of 84.6%, a 46.9-percentage-point leap from the same period a year ago, underscoring the unprecedented pricing power and structural profitability shift driven by AI memory demand.

Micron Posts Record $28.2 Billion Profit as AI Memory Demand Explodes

Thu, 25 Jun 2026 00:00:00 +0800

Micron Technology has delivered what may be the most staggering quarterly earnings report in semiconductor history, with revenue more than quadrupling year-over-year and net profit surging nearly fifteen-fold as the artificial intelligence boom drives insatiable demand for advanced memory products.

Micron Posts Record Q3 FY2026: $41.5B Revenue, Net Income Soars 1,398% on AI Memory Boom

Thu, 25 Jun 2026 00:00:00 +0800

Micron Technology reported its fiscal third-quarter 2026 results today, delivering numbers that can only be described as staggering. The memory and storage giant posted record revenue of $41.46 billion — a 345.72% year-over-year leap that blew past the $33.5 billion consensus estimate — alongside GAAP net income of $28.24 billion, up an almost surreal 1,398.30% from the same quarter last year. Gross margins reached an all-time high of 84.6%, a 46.9-percentage-point expansion driven overwhelmingly by the AI-fueled insatiable demand for high-bandwidth memory.

Trip.com Group Q1 Revenue Rises 17% as International Bookings Surge 65%, Antitrust Probe Looms

Thu, 25 Jun 2026 00:00:00 +0800

Trip.com Group reported first-quarter fiscal 2026 results that showcase both the resilience of global travel demand and mounting headwinds from regulatory and macroeconomic pressure. Net revenue for the quarter reached ¥16.21 billion, a 17% year-over-year increase that matched market expectations, while net income attributable to shareholders fell 41.6% to ¥2.50 billion. The divergence between top-line momentum and bottom-line contraction reflects the complex landscape facing China’s largest online travel platform — robust international expansion offset by rising operating costs, heightened compliance burdens, and the shadow of an ongoing antitrust investigation.