Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow

Markets Micron delivers blowout earnings, surges 16% and deals crypto bulls a blow Micron Technology surged after blockbuster earnings and strong guidance, lifting AI memory stocks. By James Van Straten | Edited by Jamie Crawley Jun 25, 2026, 10:01 a.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on (dujin yun/Pixabay) Summary Show Micron (MU) beat Wall Street expectations and forecast stronger than expected Q4 revenue, sending AI memory stocks including SanDisk (SNDK) and SK Hynix higher. Third-quarter revenue came in at $41.5 billion versus estimates of $35.7 billion, while earnings per share (EPS) reached $25.11 compared with expectations of $20.49. CEO Sanjay Mehrotra said there is "no line of sight" to AI memory supply catching up with demand, with shortages expected to continue beyond 2027. Computer memory chipmaker Micron Technology (MU) delivered blowout Q3 earnings on Wednesday, lifting the entire AI memory sector, AI-related stocks and even giving crypto a slight boost. Bitcoin BTC $ 61,667.29 climbed back above $60,000 after markets closed, but bullish AI sentiment will ultimately pull more liquidity away from crypto. Micron shares surged 16% in premarket trading on Thursday after the memory chipmaker's third quarter guidance exceeded Wall Street expectations . Third-quarter revenue came in at $41.5 billion versus estimates of $35.7 billion, while earnings per share (EPS) reached $25.11 compared with expectations of $20.49 . Memory chips have become the backbone of AI infrastructure, particularly high-bandwidth memory (HBM), which is essential for training and running large AI models. CEO Sanjay Mehrotra told analysts there was "no line of sight" to when supply would catch up with demand, with the shortage expected to persist well beyond 2027. The company also issued strong fourth quarter guidance, forecasting revenue of approximately $50 billion, well ahead of Wall Street expectations of $43.2 billion. The AI boom has weighed heavily on the crypto market this year, with bitcoin now more than 50% below its October all-time high, trading at the $60,000 level. Following the earnings report, SanDisk (SNDK) and SK Hynix each jumped around 13%. SK Hynix, which leads the high bandwidth memory (HBM) market, is also reportedly exploring a US listing that could value the company at around $30 billion. AI-linked crypto miners also moved higher, with IREN (IREN) and Cipher Digital (CIFR) both rising around 3% in premarket trading. Bitcoin News Artificial Intelligence Related Assets Bitcoin $ 61,667.29 1.11 % Latest Crypto News 1 Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry 2 hours ago 2 Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going 4 hours ago 3 MemeCore's M token suddenly crashes 80% with no clear trigger 4 hours ago 4 Ripple's RLUSD stablecoin goes live in Japan after regulatory approval 5 hours ago 5 Bitcoin has a new line in the sand. Thursday’s core PCE could stress test it. 5 hours ago 6 XRP slides 2.8% as weak bounce keeps $1 support in focus 5 hours ago 7 Bitcoin back above $60,000, ETH, SOL recoup losses as AI stocks stage rebound 5 hours ago 8 Upheaval at the Ethereum Foundation has some of crypto’s biggest names feeling bullish 14 hours ago 9 Kalshi targets a massive $40 billion valuation, widening lead over rival Polymarket 14 hours ago 10 Binance withdraws Greek MiCA bid but vows to remain in Europe 16 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research Jun 15, 2026 In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Markets Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry MemeCore's M token suddenly crashes 80% with no clear trigger Ripple's RLUSD stablecoin goes live in Japan after regulatory approval More From Bitcoin Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry Live markets: Bitcoin, ether lead $1 billion liquidation losses as AI trade keeps going MemeCore's M token suddenly crashes 80% with no clear trigger