Framing Analysis
Micron Technology reported fiscal third-quarter revenue of $41.46 billion and adjusted EPS of $25.11, then issued a fourth-quarter revenue forecast of $50 billion plus or minus $1 billion against an analyst consensus of $43.58 billion. The company's shares rose more than 9 percent in extended trading. CEO Sanjay Mehrotra cited persistent AI-driven demand and supply constraints through 2027.