Will the Micron Stock Split Happen Now After Its Blowout Earnings Results? - Yahoo Finance

Following its Q3 2026 earnings report, Micron Technology delivered exceptional results with earnings per share of $25.11 and revenue of $41.5 billion, significantly exceeding analyst expectations. The... Read original →

Micron’s blowout Q3 earnings reflect not just a cyclical memory rebound but structural demand from AI infrastructure, particularly for HBM tightly integrated with NVIDIA GPUs. This synergy accelerates adoption of advanced packaging like CoWoS, raising technical barriers for Taiwan, China-based OSATs. Tightening U.S. export controls compel Micron to shift capex toward domestic and Japanese fabs—increasing costs but de-risking supply chains. Facing aggressive HBM4 pushes from Samsung and SK Hynix, Micron may leverage its elevated share price to pursue strategic M&A, constraining rivals’ capital access. Even without a stock split, its valuation is decoupling from legacy DRAM metrics and anchoring to AI enabler status—a shift that will redefine capital allocation across the memory sector over the next 12–24 months.