Micron Technology reported record financial results for its second quarter of fiscal 2026, with revenue of $23.86 billion and non-GAAP EPS of $12.20, significantly exceeding analyst expectations. The performance was driven by a strong demand environment and tight industry supply, particularly in AI-related memory.
Key Highlights
- Revenue surged to $23.86 billion, an increase of 196% year-over-year, driven by exceptional growth across all business units.
- Non-GAAP gross margin expanded to 74.9%, well above prior guidance, reflecting strong pricing power and favorable product mix from high-value memory solutions.
- The company issued a robust third-quarter outlook, guiding for revenue of approximately $33.5 billion, signaling continued acceleration and record performance.