Micron Technology · Q2 FY2026 · 2026年3月18日
Micron Technology (MU) Q2 FY2026 财报: AI 内存需求、HBM、毛利率与现金流是主线
这是一份基于财报公告和所列一手文件整理的季度研究档案。只有在具备可核实数据时，页面才会展示市场一致预期、逐字稿、问答和股价反应。
官方财报公告SnowballHare 分析标准研究页面
已披露结果
已披露结果
已披露结果
已披露结果
投资解读
Revenue was $23.86B versus $13.64B in the prior quarter and $8.05B a year earlier. GAAP gross margin was 74.4% and non-GAAP gross margin was 74.9%. 下一步研究重点是：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。
业绩核对
已披露业绩
| 指标 | 实际值 | 同比 |
|---|---|---|
| 收入 | $23.86BRevenue was $23.86B versus $13.64B in the prior quarter and $8.05B a year earlier. 来源 | — |
| 毛利率 | 74.4%GAAP gross margin was 74.4% and non-GAAP gross margin was 74.9%. 来源 | — |
| EPS | $12.07GAAP diluted EPS was $12.07 and non-GAAP diluted EPS was $12.20. 来源 | — |
| 现金流 | $11.90BOperating cash flow was $11.90B and adjusted free cash flow was $7.2B. 来源 | — |
投资者关注点
投资者可能关注什么
潜在业绩驱动因素
- Revenue was $23.86B versus $13.64B in the prior quarter and $8.05B a year earlier.
- GAAP gross margin was 74.4% and non-GAAP gross margin was 74.9%.
- GAAP diluted EPS was $12.07 and non-GAAP diluted EPS was $12.20.
- Operating cash flow was $11.90B and adjusted free cash flow was $7.2B.
该记录未存储经过核实的盘后、次日及相对基准价格数据。以上因素属于研究线索，并非对股价变动的量化归因。
下一季度
下一步关注什么
| 指标 | 当前基准 | 下一步验证 | 来源 |
|---|---|---|---|
| 收入 | $23.86B | 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。 | 一手来源 |
| 毛利率 | 74.4% | 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。 | 一手来源 |
| EPS | $12.07 | 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。 | 一手来源 |
| 现金流 | $11.90B | 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。 | 一手来源 |
一手文件
来源与文件
常见问题
读者常见问题
Micron Technology 的收入是多少？
Revenue was $23.86B versus $13.64B in the prior quarter and $8.05B a year earlier.
Micron Technology 的毛利率是多少？
GAAP gross margin was 74.4% and non-GAAP gross margin was 74.9%.
Micron Technology 的EPS是多少？
GAAP diluted EPS was $12.07 and non-GAAP diluted EPS was $12.20.