Micron Revenue Smashes Expectations, but Wall Street Yawns

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🗓️ 19 March 2026

⏱️ 26 minutes

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Summary

When companies beat revenue and earnings expectations as much a Micron Technologies did in its most recent quarter, the market often heaps on praise for stellar results. Not this time, though. We’ll get into why as well as Uber Technologies’ deal with Rivian Automotive and Alibaba’s $100 billion in AI revenue target Tyler Crowe, Matt Frankel, and Jon Quast discuss: - Micron Technologies earnings - Is it different this time for memory companies? - Uber & Rivian teaming up for autonomous vehicles - Alibaba’s AI targets and investing in international AI plays. Companies discussed: MU, NVDA, AMD, ASML, UBER, RIVN, LCID, TSLA, GOOG, AMZN, MSFT, BABA, LYFT, STLA, GM Host: Tyler Crowe Guests: Matt Frankel, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Wall Street has big expectation for memory chips now.
0:08.4	This is Motley Full Money.
0:16.3	Welcome to Motley Full Money. I'm Tyler Crow, and today I'm joined by longtime full contributors,
0:25.8	Matt Frankel and John Quest. We've got quite a few subjects we're going to talk about.
0:29.4	We're going to jump into taking the pulse of the autonomous vehicle landscape with a recent
0:35.9	deal between Uber and Rivian. We're going to take a look at
0:39.0	Ali Baba's earnings and some ambitious AI targets they're putting forward. But first, we're
0:44.4	going to jump into Micron's most recent earnings and some really big numbers that didn't seem to
0:50.9	impress Wall Street that much. The company announced earnings after the
0:54.3	close yesterday, and Matt, the numbers for the earnings announcement itself, it's kind of hard
1:00.8	for me to come up with a word to capture how much the company beat earnings expectations.
1:06.0	So, kind of put some numbers behind what we were seeing this most recent quarter.
1:10.0	Yeah, well, in simple terms, companies like Micron can't produce memory fast enough to keep up with demand of this AI infrastructure development.
1:18.6	Micron's CEO said that the company was only able to produce 50% to two-thirds of what its biggest customers wanted during the quarter.
1:26.6	AI chips need a lot of memory,
1:27.9	plain and simple. In the quarter, Micron's revenue nearly tripled year over year. And you're
1:33.7	right that the term blowout quarter doesn't even do that justice. You know, the company's
1:37.8	revenue was almost $24 billion and beat expectations by nearly $4 billion. Earnings beat expectations
1:43.9	by a similarly wide margin.
1:46.2	Gross margin doubled to about 74% year over year.
1:49.6	A gross margin doubling for a company this mature is pretty unheard of.
1:54.4	The pricing power that it's getting due to the supply demand and balance is certainly a wonderful
	...

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