Continuous earnings archive
Micron Technology (MU) Earnings Releases and Call Analysis
A quarter-by-quarter record focused on revenue, operating income, cash flow, guidance and the durability of the investment thesis. Release facts, call availability and transcript status are kept separate so missing evidence is never presented as analysis.
6quarters tracked
6primary records
Q3 FY2026latest period
01
Latest Quarter
The newest verified release and call statusQ3 FY2026 · Reported 2026-06-25
Micron Technology (MU) Q3 FY2026 Earnings: Record Memory Revenue, HBM Demand & Q4 Guidance
ReleaseAvailable CallPending TranscriptPending
Reported results$41.456BMicron disclosed FY2026 Q3 revenue of $41.456B, GAAP gross margin of 84.6%, and GAAP diluted EPS of $24.67.
Business units$13.769BCloud Memory revenue was $13.769B and Core Data Center revenue was $11.524B; the two data-center lines together exceeded $25B.
Cash flow$7.1BMicron reported capex, net of $7.1B, adjusted free cash flow of $18.3B, and $30.2B of cash, marketable investments, and restricted cash.
Q4 guidance$50.0BBusiness outlook calls for FQ4 revenue of $50.0B +/- $1.0B, gross margin of approximately 86%, and non-GAAP diluted EPS of $31.00 +/- $1.00.
02
Historical Earnings
One record per fiscal quarterQ2 FY2026 · Reported 2026-03-18
Micron Technology (MU) Q2 FY2026 Earnings: Record results showed the AI memory shortage moving through revenue, margin, EPS, and cash flow.
ReleaseAvailable CallPending TranscriptPending
Revenue$23.86BRevenue was $23.86B versus $13.64B in the prior quarter and $8.05B a year earlier.
EPS$12.07GAAP diluted EPS was $12.07 and non-GAAP diluted EPS was $12.20.
Margin74.4%GAAP gross margin was 74.4% and non-GAAP gross margin was 74.9%.
Cash flow$11.90BOperating cash flow was $11.90B and adjusted free cash flow was $7.2B.
Q1 FY2026 · Reported 2025-12-17
Micron Technology (MU) Q1 FY2026 Earnings: Record revenue and margin expansion confirmed AI memory acceleration.
ReleaseAvailable CallPending TranscriptPending
Revenue$13.64BRevenue was $13.64B versus $11.32B in the prior quarter and $8.71B a year earlier.
EPS$4.60GAAP diluted EPS was $4.60 and non-GAAP diluted EPS was $4.78.
Margin56.0%GAAP gross margin was 56.0% and non-GAAP gross margin was 56.8%.
Cash flow$8.41BOperating cash flow was $8.41B and adjusted free cash flow was $3.9B.
Q4 FY2025 · Reported 2025-09-23
Micron Technology (MU) Q4 FY2025 Earnings: Record fiscal Q4 and full-year revenue were driven by AI data-center growth.
ReleaseAvailable CallPending TranscriptPending
Revenue$11.32BMicron reported fiscal Q4 2025 revenue of $11.32B.
EPS$2.83GAAP diluted EPS was $2.83 and non-GAAP diluted EPS was $3.03.
Margin44.7%GAAP gross margin was 44.7% and non-GAAP gross margin was 45.7%.
Outlook50%Management forecasted sequential revenue growth with gross margins exceeding 50%.
Q3 FY2025 · Reported 2025-06-25
Micron Technology (MU) Q3 FY2025 Earnings: Revenue reached $9.30B as the memory recovery broadened.
ReleaseAvailable CallPending TranscriptPending
Revenue$9.30BRevenue was $9.30B versus $8.05B in the prior quarter and $6.81B a year earlier.
EPS$1.68GAAP diluted EPS was $1.68 and non-GAAP diluted EPS was $1.91.
Cash flow$4.61BOperating cash flow was $4.61B versus $3.94B in the prior quarter.
Read-throughN/AManagement tied the quarter to AI data-center demand and stronger memory fundamentals.
Q2 FY2025 · Reported 2025-03-20
Micron Technology (MU) Q2 FY2025 Earnings: HBM revenue crossed $1B and data-center DRAM became the core signal.
ReleaseAvailable CallPending TranscriptPending
Revenue$8.05BMicron reported fiscal Q2 2025 revenue of $8.05B.
AI memory$1BHBM revenue crossed the $1B milestone in fiscal Q2.
Profitability$1.56,Non-GAAP diluted EPS was $1.56, with non-GAAP gross margin near 37.9%.
OutlookN/AThe company framed the next quarter around stronger AI demand and tight supply.
03
Quarterly Trends
Comparable disclosed metrics only| Metric | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 |
|---|---|---|---|---|
| Revenue | $9.30B | $11.32B | $13.64B | $23.86B |
| EPS | $1.68 | $2.83 | $4.60 | $12.07 |
05
Sources and Methodology
Evidence boundaries for this archivePrimary-source first
Reported figures are linked to company releases, investor-relations materials or official webcasts. Third-party transcripts are labeled separately.
No fabricated transcript
If no verified transcript or Q&A is stored, the archive shows webcast-only or pending instead of reconstructing management language.
Comparable trend rules
A trend row appears only when the same disclosed metric is available in at least two quarters.