Micron Technology · 2025-12-17
Micron Technology (MU) Q1 FY2026财报发布：AI 内存需求、HBM、毛利率与现金流是主线
Revenue was $13.64B versus $11.32B in the prior quarter and $8.71B a year earlier.; GAAP gross margin was 56.0% and non-GAAP gross margin was 56.8%.; GAAP diluted EPS was $4.60 and non-GAAP diluted EPS was $4.78.; Operating cash flow was $8.41B and adjusted free cash flow was $3.9B.
Revenue was $13.64B versus $11.32B in the prior quarter and $8.71B a year earlier.
GAAP gross margin was 56.0% and non-GAAP gross margin was 56.8%.
GAAP diluted EPS was $4.60 and non-GAAP diluted EPS was $4.78.
Operating cash flow was $8.41B and adjusted free cash flow was $3.9B.
已披露数据
MU 这季真正改变的是定价权
Revenue was $13.64B versus $11.32B in the prior quarter and $8.71B a year earlier.
SnowballHare 解读：这份财报要看 AI 内存是否把周期复苏推成短缺定价，尤其是 HBM、DRAM 价格、毛利率与自由现金流。
GAAP gross margin was 56.0% and non-GAAP gross margin was 56.8%.
SnowballHare 解读：这份财报要看 AI 内存是否把周期复苏推成短缺定价，尤其是 HBM、DRAM 价格、毛利率与自由现金流。
GAAP diluted EPS was $4.60 and non-GAAP diluted EPS was $4.78.
SnowballHare 解读：这份财报要看 AI 内存是否把周期复苏推成短缺定价，尤其是 HBM、DRAM 价格、毛利率与自由现金流。
Operating cash flow was $8.41B and adjusted free cash flow was $3.9B.
SnowballHare 解读：这份财报要看 AI 内存是否把周期复苏推成短缺定价，尤其是 HBM、DRAM 价格、毛利率与自由现金流。
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