Global Finance News
19 Mar 2026, 22:40
Micron Technology reported record financial results for the second quarter of fiscal 2026, driven by strong demand in the AI-driven memory market .
The company posted revenue of $23.86 billion, up sharply from $13.64 billion in the previous quarter and $8.05 billion a year earlier. Net income reached $13.79 billion, or $12.07 per share, reflecting significant growth across all key metrics including margins and cash flow.
Performance was supported by strong demand and tight industry supply, particularly in cloud, data center, and mobile segments. Micron also highlighted memory’s increasing strategic importance in the AI era and announced a 30% increase in its quarterly dividend.
Looking ahead, the company expects continued momentum, forecasting third-quarter revenue of around $33.5 billion and further improvements in profitability.
Globe Newswire
The company posted revenue of $23.86 billion, up sharply from $13.64 billion in the previous quarter and $8.05 billion a year earlier. Net income reached $13.79 billion, or $12.07 per share, reflecting significant growth across all key metrics including margins and cash flow.
Performance was supported by strong demand and tight industry supply, particularly in cloud, data center, and mobile segments. Micron also highlighted memory’s increasing strategic importance in the AI era and announced a 30% increase in its quarterly dividend.
Looking ahead, the company expects continued momentum, forecasting third-quarter revenue of around $33.5 billion and further improvements in profitability.
Globe Newswire