Quarterly ResultJun 25, 2026, 06:07 AM
Micron Q3 Revenue $41.46B; Net Income $28.24B; EPS $24.67
AI Summary
Micron Technology reported exceptionally strong Q3 2026 financial results, with revenue soaring to $41.46 billion, net income reaching $28.24 billion, and diluted EPS at $24.67. The company also completed the acquisition of a wafer fabrication facility in Taiwan for $1.8 billion and made significant debt prepayments totaling $8.51 billion. Additionally, Micron reduced its Revolving Credit Facility borrowing capacity from $3.5 billion to $2.0 billion, reflecting robust financial health and strategic capital management.
Key Highlights
- Q3 2026 Revenue reached $41.46 billion, a 345% increase year-over-year.
- Q3 2026 Net Income was $28.24 billion, up 1398% from the prior year.
- Diluted EPS for Q3 2026 stood at $24.67, a 1368% increase year-over-year.
- Acquired a wafer fabrication facility in Taiwan for $1.8 billion in March 2026.
- Repaid $8.51 billion in principal debt during the first nine months of 2026.
- Reduced Revolving Credit Facility capacity from $3.5 billion to $2.0 billion.
- Cash and cash equivalents grew to $24.99 billion as of May 28, 2026.
- Total assets increased to $134.11 billion as of May 28, 2026.
Price Impact
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