Micron Technology (MU) slipped notably after market close on March 18, even though the memory chips specialist posted a blowout quarter featuring a nearly 200% year-on-year increase in revenue to $23.86 billion. And while this weakness is being attributed primarily to the firm's warning that capex will step up “meaningfully” this year, part of it is actually related to an attack on Qatar's energy infrastructure, specifically the Ras Laffan industrial complex, amidst continued escalations between the US and Iran.
Micron Technology, Inc. (MU) Q2 2026 Earnings Call Transcript
Micron Technology, Inc. delivered a massive Q2 FY26 beat, with revenue up 196% YoY to $23.86B and EPS of $12.20, far surpassing consensus. MU's Q3 guidance is extraordinary: revenue forecast at $33.5B and EPS at $19.15, both dramatically above Street expectations, with gross margin outlook at 81%. AI-driven demand and structural supply constraints in DRAM/NAND are fueling MU's outperformance, while the stock maintains a top Quant system Strong Buy rating.
Although the revenue and EPS for Micron (MU) give a sense of how its business performed in the quarter ended February 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Micron (MU) came out with quarterly earnings of $12.2 per share, beating the Zacks Consensus Estimate of $8.8 per share. This compares to earnings of $1.56 per share a year ago.
Micron Technology delivered a blockbuster set of second-quarter results on Wednesday, underscoring the strength of demand for memory chips driven by artificial intelligence and data center expansion. The company reported adjusted earnings per share of $12.20, far exceeding Wall Street expectations of about $9.19.
Micron Technology Inc (NASDAQ:MU) reported fiscal second quarter results that exceeded expectations, as strong demand for memory tied to artificial intelligence continued to drive growth and profitability. For the quarter that ended on February 26, the company posted revenue of $23.86 billion, almost tripling from $8.05 billion a year earlier and rising sharply from $13.64 billion in the prior quarter.
Micron has benefited from a memory supply shortage driven by surging demand for Nvidia's AI chips. Among the 10 most valuable tech companies in the U.S., Micron is the only one that's seen gains in its stock price this year.
Chipmaker Micron Technology beat Wall Street estimates for second-quarter revenue on Wednesday, benefiting from a surge in demand for its memory chips used in artificial intelligence hardware.
Micron Technology is set to report its fiscal second-quarter earnings after the bell on March 18, with investors bracing for a high-stakes release as the chipmaker rides a powerful wave of demand driven by artificial intelligence. Analysts expect Micron to report earnings of around $9.19 per share on revenue nearing $19.7 billion, according to FactSet data.
Micron Technology is set to report earnings after the market closes Wednesday, with traders anticipating the memory chipmaker's stock could reach new highs following the report.