MICRON TECHNOLOGY INC

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.

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.

Micron Technology, Inc. announced a strategic agreement with Anthropic, encompassing memory and storage AI architecture design, a supply agreement for Micron's data center portfolio, and enterprise adoption of Anthropic's Claude AI models by Micron. Additionally, Micron made a strategic investment in Anthropic's Series H funding round. This collaboration aims to innovate and scale next-generation AI infrastructure by optimizing memory and storage technologies for AI workloads.

Micron Technology, Inc. announced the appointment of Dr. Alexis Black Björlin to its board of directors. Dr. Björlin brings extensive experience in artificial intelligence infrastructure, cloud platforms, and semiconductors, having held senior leadership roles at companies like NVIDIA, Meta Platforms, Broadcom, and Intel. Her appointment is expected to be a significant asset to Micron as it continues to advance its technology leadership.

Micron Technology, Inc. announced it is showcasing its full portfolio of AI-optimized memory and storage solutions at COMPUTEX 2026. These solutions are designed to empower next-generation AI data center and intelligent edge applications, addressing the intensifying demands on memory and storage. The company highlighted several milestones, including HBM4 36GB 12H, the 256GB SOCAMM2, 256GB DDR5 RDIMM, the Micron 9650 PCIe Gen6 SSD, and the high-density 245TB Micron 6600 ION. Micron also showcased edge AI solutions such as LPCAMM2, GDDR7, LPDDR5X, PCIe Gen5 NVMe SSDs, and UFS 4.1 for automotive applications.

Micron Technology, Inc. announced that it will host its fiscal third quarter earnings conference call on Wednesday, June 24, 2026. The call is scheduled for 2:30 p.m. Mountain time and will be webcast live on the company's investor relations website. Replays of the webcast will be available for approximately one year.

Micron Technology announced the start of 1α (1-alpha) DRAM manufacturing at its Manassas, Virginia, fab, marking the production of the most advanced memory ever produced in the United States. This initiative will quadruple the company's DDR4 wafer supply in Manassas, reinforcing a secure domestic source for critical industries. The $2 billion investment in the Manassas fab is part of Micron's larger $200 billion U.S. investment plan, which is projected to create 90,000 American jobs and strengthen U.S. economic and national security.

Micron Technology announced it has sampled 256GB DDR5 registered dual in-line memory modules (RDIMM) to key server ecosystem enablers. Built on 1-gamma technology, these modules offer speeds up to 9,200 MT/s, over 40% faster than current volume production modules. The new RDIMMs utilize advanced 3D stacking and through-silicon vias (TSVs) to provide the capacity, speed, and power efficiency needed for next-generation AI systems, reducing operating power by over 40% compared to two 128GB modules.

Micron Technology, Inc. announced that its executives will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 20, 2026. The presentation is scheduled for 6:40 a.m. Mountain time and will be accessible via live webcast and subsequent replays on the company's investor relations website.

Micron Technology's upcoming annual meeting includes a vote on amending the company's Restated Certificate of Incorporation to add a provision regarding officer exculpation, aligning with Delaware law. Shareholders will also vote on a shareholder proposal, the details of which are in the proxy statement. These votes could impact the company's governance and potential liability of its officers.