MU
Micron Technology, Inc.232.51
-4.99-2.1%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Key Stats
Market Cap
261.66BP/E (TTM)
30.67Basic EPS (TTM)
7.58Dividend Yield
0%Recent Filings
8-K
Micron starts $5.4B notes tender
Micron launched cash tender offers on March 25, 2026, for any and all of $5.4B in outstanding senior notes due 2031-2035, priced at a fixed spread over U.S. Treasuries. Offers expire March 31, with settlement expected April 3. No minimum tender required. Completion hinges on conditions, including note acceptance.
10-Q
Q2 FY2026 results
Micron crushed Q2 FY2026 ended February 26, with revenue tripling y/y to $23.9B (196% derived) and nearly doubling q/q (75% derived), fueled by DRAM ($18.8B, 207% y/y) amid AI demand. Gross margins exploded to 74% from 37% y/y, driving operating income to $16.1B (809% y/y derived) and diluted EPS to $12.07 (755% y/y), reconciling to 1,142M shares. Cash swelled to $13.9B with $20.3B operating cash flow, funding $11.8B capex; total debt fell to $10.1B after $4.6B repayments, revolver fully available at $3.5B. Taiwan fab acquired March 15, 2026 for $1.8B cash installments. Patent suits from Netlist and YMTC loom large.
8-K
Micron smashes records
Micron crushed Q2 fiscal 2026 with record $23.86B revenue, up from $13.64B last quarter and $8.05B year ago, fueled by AI memory demand and tight supply. GAAP net income hit $13.79B ($12.07/share); gross margin soared to 74.4%. Board hiked dividend 30% to $0.15/share. Q3 guides $33.5B revenue, 81% margins.
8-K
Micron approves officer exculpation
Micron stockholders at the January 15, 2026 annual meeting approved an exculpation amendment to the charter, eliminating officer liability for duty of care breaches; it took effect January 21. All eight director nominees won election handily. Stockholders ratified PwC as auditors but rejected a special meeting rights expansion. Routine governance tune-up.
10-Q
Q1 FY2026 results
Micron crushed Q1 FY2026 ended November 27, 2025, with revenue jumping 57% y/y to $13.6B and 21% q/q (derived), fueled by DRAM up 69% y/y to $10.8B and NAND up 22% y/y to $2.7B; gross margin soared to 56% from 38% y/y while operating income tripled to $6.1B. CMBU led with 39% of revenue and 55% margins, riding AI demand. Cash hit $9.7B, FCF reached $3.0B (derived), after repaying $2.9B debt—long-term debt now $11.2B with $3.5B revolver available. Diluted EPS of $4.60 on 1,138M shares reconciles cleanly. Debt prepays clicked.
AMD
Advanced Micro Devices, Inc.
209.17+1.59
GSIT
GSI Technology, Inc.
5.43+0.08
INTC
Intel Corporation
37.31-0.20
MCHP
Microchip Technology Incorporat
65.90-1.28
MMTIF
Micromem Technologies, Inc.
0.04+0.00
NVDA
NVIDIA Corporation
177.72+1.43
RMBS
Rambus, Inc.
94.69-0.76
SIMO
Silicon Motion Technology Corpo
85.50-1.57
STM
STMicroelectronics N.V.
25.94-0.43
UMC
United Microelectronics Corpora
7.89+0.05