Micron Shares Surge 12% After Revenue Quadruples Amid Memory Shortage

Micron Technology reported its third‑quarter earnings for 2026. Revenue for the period rose to four times the prior year’s level. The surge is driven by a global memory chip shortage. Investors responded by pushing the stock up 12% in after‑hours trading. The company highlighted strong demand for DRAM and NAND products. Micron expects the tight supply environment to continue supporting growth. Analysts note the earnings beat underscores the sector’s resilience. The firm plans to increase production capacity to meet ongoing demand.