Micron smashes Q1
Micron crushed Q1 with EPS $12.20 versus $8.79 expected and revenue $23.9B versus $19.19B — a massive beat that rewrites semiconductor momentum this quarter. (x.com)
The results covered Micron’s second quarter of fiscal 2026 (period ended Feb. 26, 2026) and were announced on March 18, 2026. (marketwatch.com) Revenue represented a 196% year‑over‑year increase and rose roughly 75% sequentially versus the prior quarter. (investing.com) Gross margin expanded to about 75%, driving operating income of roughly $16.5 billion and an operating margin near 69%. (investing.com) Management issued exceptionally strong guidance for the next quarter — about $33.5 billion in revenue plus or minus $750 million, gross margin around 81%, and adjusted EPS near $19.15. (marketbeat.com) The company reported record adjusted free cash flow of about $6.9 billion while investing approximately $5.0 billion in capital expenditures and ending the quarter with roughly $16.7 billion in cash and marketable investments. (investing.com) Micron’s board approved a 30% hike to the quarterly dividend, taking it to $0.15 per share payable April 15, 2026. (techpowerup.com) Segment detail showed Cloud Memory and Mobile/Client each generating roughly $7.7 billion and Automotive & Embedded hitting about $2.7 billion, with management saying 1γ DRAM and G9 NAND are on track to be the majority of production by mid‑calendar 2026. (fool.com) Shares were relatively muted in after‑hours trading despite the blowout results, with the stock trading near its 52‑week high, leaving Micron’s market capitalization above $500 billion (reported near $527 billion by some outlets). (investing.com)
