Micron Technology, Inc. (MU) Earnings Call Summary — Q2 FY26
Micron makes memory chips (DRAM and flash storage), including the high-bandwidth memory that AI systems need.
Micron Technology, Inc. (MU) reported Q2 FY26 results on June 24, 2026. Earnings per share came in at $25.11 against a $20.98 consensus, so the company beat on the bottom line. Revenue of $41.46B landed above the $35.91B estimate. MU has beaten consensus EPS in 8 of its last 8 reported quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Operator: “Ladies and gentlemen, thank you for joining us, and welcome to Micron Technology, Inc.'s fiscal second quarter 2026 financial conference call.”
Chairman, President and CEO: “With stellar records in revenue, gross margin, EPS, and free cash flow.”
CFO: “delivered strong financial results for the fiscal second quarter, with revenue, gross margin, and EPS all exceeding the high end of our guidance.”
Analyst (TD Cowen): “Just kind of curious how to think about the sustainability of gross margins, especially as you bring more HBM4 into the mix.”
CFO: “We provide a strong guide up, up 600 basis points sequentially into the third quarter.”