Micron Technology's stock closed Friday at $1,016.59, driven by record DRAM pricing and AI datacenter memory demand. The company reported fiscal Q3 2026 revenue of $41.46 billion, up 345.7% year-over-year, with a GAAP gross margin of 84.6% and $18.3 billion in free cash flow. Its fiscal Q4 2026 guidance projects revenue of $50 billion (±$1 billion) and non-GAAP EPS of $31 (±$1). CEO Sanjay Mehrotra stated that DRAM and NAND industry demand continues to significantly exceed supply. However, management flagged a meaningful moderation in the rate of price increases in fiscal Q4, and Polymarket traders price MU reaching $1,260 at a 16% probability.