Short answer
Micron Technology (MU) filed its Q1 2026 10-Q quarterly report on Mar 19, 2026 for the quarter ended Feb 26, 2026. Quarterly revenue was $23.9B (up 196.3% year over year) with net income of $13.8B.
Q1 2026 key financials · XBRL
- Revenue
- $23.9B
- +196.3% YoY · +74.9% QoQ
- Net income
- $13.8B
- +770.8% YoY · +163.1% QoQ
- Operating margin
- 67.6%
- Gross margin
- 74.4%
- EPS (diluted)
- $12.08
- +756.7% YoY · +162.6% QoQ
Source: XBRL data from the Micron Technology (MU) Q1 2026 10-Q on SEC EDGAR. USD.
Micron Technology Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $23,860M, up 196% YoY from $8,053M
- Gross margin 74% vs 37% YoY; operating margin 68% vs 22%
- Best segment MCBU: revenue $7,711M, up 245%; operating margin 76% vs 1% YoY
- Worst segment AEBU: revenue $2,708M, up 162%; operating margin 62% vs 6% YoY
- AI-driven demand outpacing supply; constrained capacity driving allocation decisions and potential customer or end-market impacts
Risk Factors
- Newly added AI demand risk, triggered by generative AI growth and uncertainty around HBM demand sustainability
- Technology-transition execution risk, with compressed production ramps potentially causing inventory, underutilized capacity, and gross-margin pressure
- China regulatory risk, with CAC restrictions barring critical-information-infrastructure operators from purchasing Micron products
- Taiwan concentration risk, with most 2025 DRAM output produced at Taiwan fabrication facilities
- Semiconductor pricing risk, with five-year DRAM annual ASP changes ranging from plus low 40% to minus high 40% range
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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