MU · PEAD ↑ 79

Micron Technology reported Q3 FY2026 EPS of $24.89 on 2026-06-24, beating the $20.99 consensus by $3.90 (+18.6%).

Print-day reaction was essentially flat at -0.3% versus the prior close, a muted initial response given the magnitude of the beat. The overnight gap to the T+1 open, however, surged +17.6%, signalling that the market absorbed the result and re-priced sharply after hours. Over the subsequent two trading days (T+1 close through T+3 close) the stock drifted -5.6%, giving back a portion of the overnight pop but holding well above pre-earnings levels. Cumulative abnormal return of +7.9% versus SPY.US firmly clears the +3% PEAD long threshold; per the documented drift pattern, the read is held through 2026-09-21.