Micron Technology has reported its financial results for the second quarter of fiscal 2026, showing significant growth as demand for memory continues to rise in the AI era.
For the quarter ended February 26, 2026, Micron posted revenue of $23.86 billion, up significantly from the prior quarter and the same period last year. GAAP net income was $13.79 billion, or $12.07 per diluted share, while non‑GAAP net income reached $14.02 billion, or $12.20 per diluted share. Operating cash flow came in at $11.90 billion.
“Micron set new records across revenue, gross margin, EPS, and free cash flow in fiscal Q2, driven by a strong demand environment, tight industry supply, and our strong execution, and we expect significant records again in fiscal Q3,” said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. “In the AI era, memory has become a strategic asset for our customers, and we are investing in our global manufacturing footprint to support their growing demand. Reflecting confidence in the sustained strength of our business, our board has approved a 30% increase in our quarterly dividend.”
Micron’s board also approved a 30 % increase in the quarterly dividend, reflecting confidence in the company’s outlook and financial position.
Looking ahead, Micron provided guidance for the third quarter of fiscal 2026 with expectations for even higher revenue and earnings, pointing to continued strong demand for its memory and storage solutions.
