Micron (MU) Q2 2026 (USD): adj. EPS 12.20 (exp. 8.74), Revenue 23.9bln (exp. 19.13bln)

Micron's Q2 results notably exceeded expectations, with adjusted EPS and revenue both showing significant beats.

Newsquawk StaffPublished 18 Mar 2026, 20:20 UTCOn the live feed at 20:00 UTC — 2 more headlines followed before this page went public

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Micron (MU) Q2 2026 (USD): adj. EPS 12.20 (exp. 8.74), Revenue 23.9bln (exp. 19.13bln)

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Q2 investments in capex was USD 5.0bln
Q2 adj. FCF was USD 6.9bln
Ended the quarter with cash, marketable investments, and restricted cash of USD 16.7bln

COMMENTARY:

Exec says results were driven by a strong demand environment, tight industry supply, and strong execution
Expects significant records again in fiscal Q3
Says in the AI era, memory has become a strategic asset for customers, is investing in global manufacturing footprint to support their growing demand.
Reflecting confidence in the sustained strength of the business, board approved a 30% increase in quarterly dividend, to USD 0.15/shr.

GUIDANCE:

Q3 adj. EPS view 18.75-19.55 (exp. 12.03)
Q3 Rev. view 32.75-34.25bln (exp. 24.3bln)
Expects DRAM and NAND industry bit demand in 2026 to be constrained by supply, supply-demand conditions to remain tight beyond 2026
Expects 2026 capex to be above USD 25bln
Expects construction-related capex to increase by over USD 10bln Y/Y
Expects higher equipment spend Y/Y in FY27

Context

This strong performance is underpinned by robust demand and a constrained supply environment, suggesting a favorable outlook for the semiconductor sector, especially in AI applications. Additionally, their guidance for Q3 looks promising, indicating that growth momentum is expected to continue, which could have positive implications for semiconductor-related equities and possibly broader market sentiment.

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