Micron Technology · 2025-12-17
Micron Technology (MU) Q1 FY2026財報發布：AI 記憶體需求、HBM、毛利率與現金流是主線
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.
已披露資料
MU 這季真正改變的是定價權
Revenue was $13.64B versus $11.32B in the prior quarter and $8.71B a year earlier.
SnowballHare 解讀：這份財報要看 AI 記憶體是否把週期復甦推成短缺定價，尤其是 HBM、DRAM 價格、毛利率與自由現金流。
GAAP gross margin was 56.0% and non-GAAP gross margin was 56.8%.
SnowballHare 解讀：這份財報要看 AI 記憶體是否把週期復甦推成短缺定價，尤其是 HBM、DRAM 價格、毛利率與自由現金流。
GAAP diluted EPS was $4.60 and non-GAAP diluted EPS was $4.78.
SnowballHare 解讀：這份財報要看 AI 記憶體是否把週期復甦推成短缺定價，尤其是 HBM、DRAM 價格、毛利率與自由現金流。
Operating cash flow was $8.41B and adjusted free cash flow was $3.9B.
SnowballHare 解讀：這份財報要看 AI 記憶體是否把週期復甦推成短缺定價，尤其是 HBM、DRAM 價格、毛利率與自由現金流。
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