Micron Reports Results… And Sights & Sounds From Robinhood’s Hood Summit 9/30/26

Micron's beat is shrinking in magnitude even as memory-supply tightness through 2027-28 keeps traders bullish on the AI-driven chip trade.

• Micron beats, margins in focus: Q4 earnings grew over 1,000% YoY, data center revenue up 11-fold; CEO Sanjay Mehrotra sees supply tight through 2027-28, stock still up 270% YTD but flat after-hours.
• Beats getting smaller: Traders note this quarter's beat was only ~5-6% vs. prior quarters' 50-100% beats, with 49 of 51 analysts at buy/strong buy and no sells.

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