Micron Technology, Inc. Reports Record Results for the Third Quarter of Fiscal 2026

Micron Technology, Inc. Reports Record Results for the Third Quarter of Fiscal 2026

Micron executes transformational Strategic Customer Agreements

BOISE, Idaho, June 24, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2026, which ended May 28, 2026.

Revenue of $41.46 billion versus $23.86 billion for the prior quarter and $9.30 billion for the same period last year

GAAP net income of $28.24 billion, or $24.67 per diluted share

Non-GAAP net income of $28.86 billion, or $25.11 per diluted share

Operating cash flow of $25.39 billion versus $11.90 billion for the prior quarter and $4.61 billion for the same period last year

"Micron's record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era," said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. "Micron is investing at record levels in technology, products and supply to address our customers' rapidly growing demand. We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron's strong financial performance."

(in millions, except per share amounts)

Diluted earnings per share (EPS)

For the third quarter of 2026, investments in capital expenditures, net(2) were $7.1 billion and adjusted free cash flow(2) was $18.3 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $30.2 billion. On June 24, 2026, Micron's Board of Directors declared a quarterly dividend of $0.15 per share, payable in cash on July 21, 2026, to shareholders of record as of the close of business on July 6, 2026.

Quarterly Business Unit Financial Results

Mobile and Client Business Unit

Automotive and Embedded Business Unit