Short answer
Micron Technology (MU) filed its Q2 2026 10-Q quarterly report on Jun 25, 2026 for the quarter ended May 28, 2026. Quarterly revenue was $41.5B (up 345.7% year over year) with net income of $28.2B.
Q2 2026 key financials · XBRL
- Revenue
- $41.5B
- +345.7% YoY · +73.7% QoQ
- Net income
- $28.2B
- +1398.3% YoY · +104.9% QoQ
- Operating margin
- 80.4%
- Gross margin
- 84.6%
- EPS (diluted)
- $24.72
- +1380.2% YoY · +104.6% QoQ
Source: XBRL data from the Micron Technology (MU) Q2 2026 10-Q on SEC EDGAR. USD.
Micron Technology Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $41,456 million, up 346% YoY from $9,301 million
- Gross margin 85% vs 38% YoY; operating margin 80% vs 23% YoY
- Best segment CDBU: revenue $11,524 million, up 653% YoY
- Worst segment AEBU: revenue $4,634 million, up 311% YoY
- AI-driven demand exceeds supply; strategic customer agreements expected to improve visibility and stability
Risk Factors
- Newly triggered AI demand risk: HBM requires more wafers and cleanroom space than conventional DRAM, increasing oversupply risk if demand weakens
- Most materially updated market risk: DRAM average selling prices increased approximately 140% and NAND prices 130% in the first nine months of 2026
- Regulatory risk: China’s CAC restrictions prohibit critical information infrastructure operators from purchasing Micron products
- Operational risk: Majority of 2025 DRAM output came from Taiwan facilities exposed to geopolitical disruption
- Financial risk: Capacity expansions require significant capital before returns and may depend on external funding
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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