Quarterly ResultJun 24, 2026, 04:03 PM
Micron Q3 Revenue $41.46B, EPS $24.67; Guides Strong Q4
AI Summary
Micron Technology reported record financial results for its third quarter of fiscal 2026, driven by strong demand in the AI era. Revenue surged to $41.46 billion, significantly higher than the previous quarter and year-ago period. The company achieved GAAP net income of $28.24 billion and non-GAAP diluted EPS of $25.11. Micron also provided a robust outlook for the fourth quarter, projecting revenue of approximately $50.0 billion and non-GAAP diluted EPS of $31.00.
Key Highlights
- Q3 fiscal 2026 revenue reached $41.46 billion, up from $9.30 billion in Q3 2025.
- GAAP net income was $28.24 billion, or $24.67 per diluted share.
- Non-GAAP net income was $28.86 billion, or $25.11 per diluted share.
- Operating cash flow for the quarter was $25.39 billion.
- Cloud Memory Business Unit revenue was $13.77 billion, with an 83% gross margin.
- Core Data Center Business Unit revenue was $11.52 billion, with an 87% gross margin.
- Board declared a quarterly dividend of $0.15 per share.
- Q4 fiscal 2026 revenue guidance is $50.0 billion ± $1.0 billion, with non-GAAP diluted EPS of $31.00 ± $1.00.
Price Impact
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