Symbols

MU

Micron Technology·NASDAQ

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MU fundamentals

MU Q2 2026 Earnings

Micron Technology (MU) released its earnings on Mar 18, 2026: revenue was 23.86B (YoY +196.29%), beat estimates; EPS was 12.2 (YoY +682.05%), beat estimates.

Revenue / YoY

23.86B

+196.29%

EPS / YoY

12.2

+682.05%

Report date

Mar 18, 2026

MU Earnings Call Summary for Q2,2026

NAND Expansion: $25B+ CapEx for new fabs, with NAND growth driven by AI SSDs (Gen 6 SSDs, KV Cash adoption).
DRAM Supply Tightness: FY26-27 supply constrained, with new fabs ramping in FY28. HBM3E/HVMI yield improvements offset start-up costs (~$100M/Q).
CXL & Memory Pooling: Limited near-term impact, but experimentation continues.
Long-Term Growth: 20%+ NAND bit growth, mid-teens DRAM, driven by AI, robotics, and inferencing.
Margin Dynamics: Non-HBM margins higher, but allocation dictated by system balance. OpEx rising (~$1.7B/Q in FY27) for R&D.

Earnings

EPS

Revenue

Revenue & Expenses

MU has released its 2026 Q2 earnings report, with revenue of 23.86B, reflecting a YoY change of 196.29%, and net profit of 13.79B, showing a YoY change of 770.81%. The Sankey diagram below clearly presents MU's revenue sources and cost distribution.

Key Indicators

Micron Technology (MU) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Micron Technology (MU)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Micron Technology (MU)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Cash Flow

Micron Technology (MU)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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