Micron Technology reported fiscal Q2 2026 revenue of $23.86 billion, up 196% year-over-year and beating consensus estimates of $19.51 billion. Earnings per share reached $12.20. The company issued strong Q3 guidance, projecting revenue of $33.5 billion and EPS of $19.15.
Micron Technology, Inc. (MU) discussed its fiscal Q2 2026 results during the post-earnings analyst call on March 18, 2026. The company reported Q2 revenue of $23.86 billion, a 196.4% year-over-year increase, surpassing the consensus estimate of $19.51 billion. EPS was $12.20. Q3 guidance was upbeat, with projected revenue of $33.5 billion, EPS of $19.15, and gross margin of 81%, all exceeding Street expectations. Key drivers included AI-driven demand and structural supply constraints in DRAM and NAND markets. Forward-looking statements are subject to risks detailed in SEC filings. One analysis maintained a Strong Buy rating on MU stock, citing attractive valuation despite cyclical risks.
