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Micron Technology (DE:MTE)
NASDAQ:MTE
Earnings Data
Report Date
Jul 01, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
16.2Last Year’s EPS
1.65Same Quarter Last Year
Strong Buy
Based on 27 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call communicated exceptionally strong and broad-based operating and financial performance — record revenue, record margins, record free cash flow, aggressive upward guidance (Q3 revenue guide ~$33.5B and gross margin ~81%), technology wins (HBM4 shipments, 1γ and G9 ramps), and major balance sheet improvement (net cash, debt reduction, dividend increase). Offsetting risks are meaningful and structural: severe DRAM/NAND supply constraints, tight inventory, very large near-term CapEx (>$25B in FY26 and a further step-up in FY27), potential demand softness in price-sensitive consumer markets, and unspecified terms around long-term SCAs. On balance, the highlights substantially outweigh the lowlights given the magnitude of record results, strong guidance, and clear technology roadmap, while the company is proactively investing to address supply; therefore the overall tone is positive but with notable operational and capital execution risks that management is addressing.Company Guidance
Record Quarterly Revenue
Total fiscal Q2 revenue of $23.9B, up 75% sequentially and up 196% year-over-year; fourth consecutive quarterly revenue record and the largest single-quarter sequential increase in company history (+$10.2B).
DRAM Revenue Surge
Record DRAM revenue of $18.8B (79% of total), up 207% year-over-year and up 74% sequentially; bit shipments up mid-single-digits and DRAM prices increased ~mid-60% driven by tight industry conditions and favorable mix.
NAND Revenue and Mix Strength
Record NAND revenue of $5.0B (21% of total), up 169% year-over-year and up 82% sequentially; NAND bit shipments increased low-single-digits and NAND prices increased ~high-70% with a record QLC bit mix and data center NAND revenues more than doubling sequentially.
Outstanding Profitability and Margin Expansion
Consolidated gross margin of 75%, a company record and up 18 percentage points sequentially (nearly doubled YoY); operating margin 69% (up 22 p.p. sequentially) and non-GAAP EPS of $12.20 (+155% sequential, +682% YoY).
Very Strong Cash Generation and Balance Sheet
Operating cash flow $11.9B, CapEx $5.0B, and record free cash flow $6.9B (quarterly record, +77% vs prior record). Cash & investments $16.7B, liquidity >$20B, net cash $6.5B, debt reduced to $10.1B with $1.6B debt reduction this quarter and >$5B reduced over last three quarters.
Aggressive and Positive Guidance
Fiscal Q3 guidance: revenue ~$33.5B (+/− $0.75B), gross margin approximately 81%, and EPS $19.15 (+/− $0.40) — Q3 guide exceeds any prior single-year full-year revenue through fiscal 2024.
Capital Allocation and Shareholder Returns
Board approved 30% increase in quarterly dividend to $0.15 per share; share repurchases ($350M this quarter within CHIPS constraints) and continued opportunistic repurchases signaled alongside sustained deleveraging.
Technology and Product Leadership
Volume shipments of HBM4 36GB 12-Hi began in 2026; sampled HBM4 16-Hi (48GB); 1γ DRAM node ramping fastest in company history and expected to be majority of DRAM bit mix by mid-2026; G9 NAND on track to be majority of NAND bits by mid-2026.
Data Center SSD and Market Share Gains
High-volume production of G9-based PCIe Gen6 data center SSDs, 122TB high-capacity SSD seeing strong adoption; data center SSD market share increased for fourth consecutive calendar year (2025) to a record.
Global Manufacturing Footprint Expansion
Tongluo site acquisition closed early; India assembly/test facility commenced commercial shipments; Idaho, New York, Singapore and Hiroshima fabs progressed with initial wafer outputs targeted 2027–2028; fiscal 2026 CapEx now expected >$25B to support these expansions.
DE:MTE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:MTE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 18, 2026 | €405.90 | €382.55 | -5.75% |
Dec 17, 2025 | €192.40 | €214.76 | +11.62% |
Sep 23, 2025 | €142.33 | €138.85 | -2.44% |
Jun 25, 2025 | €108.35 | €107.03 | -1.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Micron Technology (DE:MTE) report earnings?
Micron Technology (DE:MTE) is schdueled to report earning on Jul 01, 2026, After Close (Confirmed).
What is Micron Technology (DE:MTE) earnings time?
Micron Technology (DE:MTE) earnings time is at Jul 01, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Micron Technology stock?
The P/E ratio of Micron is N/A.
What is DE:MTE EPS forecast?
DE:MTE EPS forecast for the fiscal quarter 2026 (Q3) is 16.2.
