Micron — 2026Q2 财报

“Revenue of $41.46 billion versus $23.86 billion for the prior quarter and $9.30 billion for the same period last year”

Revenue hit a record $41.46 billion in fiscal Q3 2026 — up from $23.86 billion in the prior quarter and $9.30 billion in the year-ago quarter — an extraordinary sequential and annual acceleration.

“GAAP net income of $28.24 billion, or $24.67 per diluted share”

Profitability scaled with the top line: GAAP net income was $28.24 billion, or $24.67 per diluted share.

“For the third quarter of 2026, investments in capital expenditures, net(2) were $7.1 billion and adjusted free cash flow(2) was $18.3 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $30.2 billion.”

Cash generation was immense: net capital expenditures of $7.1 billion against adjusted free cash flow of $18.3 billion, ending the quarter with $30.2 billion of cash, marketable investments, and restricted cash.

“We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron’s strong financial performance.”

Management positioned new multi-year Strategic Customer Agreements as the quarter's strategic centerpiece, arguing they will make Micron's financial performance more durable and predictable.

“HBM4, built on 1-beta DRAM technology, is in high-volume shipments for our lead customer's platform, and qualification samples have been shipped to multiple end-customers.”

On the product front, HBM4 built on 1-beta DRAM is already in high-volume shipments for the lead customer's platform, with qualification samples shipped to multiple other end-customers.

“We are pleased to announce that we have completed 16 SCAs with customers across the data center, consumer and auto market segments.”

Micron announced it has completed 16 Strategic Customer Agreements (SCAs) with customers spanning the data center, consumer and automotive segments.

“Fourteen of the 16 SCAs that we have signed have a cumulative revenue at minimum price per our contracts of approximately $100 billion over the remaining agreement term.”

Fourteen of the 16 signed SCAs represent approximately $100 billion of cumulative revenue at contracted minimum prices over their remaining terms.

“Demonstrating Micron’s position as a leader enabling the AI era, our data center revenue exceeded $25 billion in fiscal Q3, or an annualized run rate of over $100 billion. Our data center SSD revenue exceeded $5 billion, more than doubling sequentially.”

Data center revenue exceeded $25 billion in the quarter — an annualized run rate above $100 billion — and data center SSD revenue topped $5 billion, more than doubling sequentially.

“We expect FQ4 revenue to be a record $50.0 billion, plus or minus $1.0 billion; gross margin to be approximately 86.0%; and operating expenses to be approximately $1.65 billion. Based on a share count of approximately 1.15 billion shares, we expect EPS to be a record $31.00 per share, plus or minus $1.00.”

CFO Mark Murphy guided fiscal Q4 to record revenue of $50.0 billion plus or minus $1.0 billion, approximately 86.0% gross margin, operating expenses of approximately $1.65 billion, and record EPS of $31.00 plus or minus $1.00 on a share count of approximately 1.15 billion.