Micron shares have climbed more than 500% in a year, but The Motley Fool flags risks from high expectations for AI-memory growth, tens of billions in fab investment and Taiwan workers moving toward a strike vote after mediation failed.
For the fiscal third quarter ended May 28, Micron reported $41.46 billion in revenue, up from $23.86 billion in the previous quarter and $9.30 billion a year earlier, with gross margin above 84%. It forecast fiscal Q4 revenue of about $50 billion and a margin near 86%, and said its high-bandwidth memory was sold out through 2027.
In fiscal 2026’s third quarter, Micron spent roughly $7.1 billion on capital expenditures and ended the period with more than $30 billion in cash and marketable investments. Unions at its Taiwan facilities seek permanent profit-sharing tied to 15% of operating profits. The article says hundreds of workers at Taoyuan and Taichung rejected what Micron called its largest-ever bonus offer; after mediation produced no concrete proposal, they moved toward a formal strike vote. Taiwan managers said U.S. leaders had asked for more time to decide on another offer.
