Micron Set to Top Magnificent Seven in Q4 Operating Income as Shares Jump 285%
Updated
Updated · Yahoo Finance · Oct 2
Micron Set to Top Magnificent Seven in Q4 Operating Income as Shares Jump 285%
3 articles · Updated · Yahoo Finance · Oct 2
Summary
Micron is projected to post higher operating income this quarter than every Magnificent Seven company, a striking shift for a chipmaker valued at about $1.1 trillion.
AI-driven demand for Micron's memory chips has sharply lifted results, after the company beat quarterly sales and profit forecasts and issued strong guidance.
The latest quarter underscored that surge: Micron added about $43 billion in sales from a year earlier, while operating margins expanded across all business segments.
The run has made Micron one of tech's standout winners in 2026, with the stock up 285% year to date despite some investor concern over margin commentary on the earnings call.