Revenue Surge
MU's revenue increased by 345.7% year-over-year to $41.46 billion, driven by strong demand and strategic market positioning.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
MU reported a remarkable financial performance in Q3 FY2026, with revenue surging by 345.7% year-over-year, driven by significant increases in gross and operating margins.
Revenue
$41.46B
+345.72% YoY
EPS (Diluted)
$24.67
+1368.45% YoY
Gross Margin
84.6%
+46.8 pts YoY
Operating Income
$33.32B
+1436.10% YoY
Source: SEC XBRL
Micron Technology (MU) reported Q3 FY2026 revenue of $41.46B, up 345.7% year over year. Operating margin was 80.4%, up 57.1 points from 23.3% a year earlier. MU's fiscal Q3 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 4 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 25.11 | 21.40 | Beat +17.3% |
| Mar 2026 | 12.20 | 9.58 | Beat +27.3% |
| Dec 2025 | 4.78 | 4.07 | Beat +17.4% |
| Sep 2025 | 3.03 | 2.95 | Beat +2.8% |
Adjusted (non-GAAP) EPS of $25.11 versus the $21.40 analyst consensus — a +17.3% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $24.67.
Compiled by AI from this SEC filing
MU's revenue increased by 345.7% year-over-year to $41.46 billion, driven by strong demand and strategic market positioning.
Source: 10-Q Income Statement
Gross margin improved significantly to 84.6%, reflecting efficient cost management and higher sales volumes.
Source: 10-Q Key Ratios
Operating cash flow rose by 287.5% year-over-year, indicating robust cash generation capabilities.
Source: 10-Q Cash Flow
Compiled by AI from this SEC filing · 1 high, 2 medium, 0 low
MU's performance is highly sensitive to market demand fluctuations, which could impact future revenue and profitability.
Source: 10-Q Analysis
Potential disruptions in the supply chain could affect MU's production capabilities and cost structure.
Source: 10-Q Analysis
Rapid technological advancements may require continuous innovation and investment, posing a risk to maintaining competitive advantage.
Source: 10-Q Analysis
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 41.46 $B | 9.30 $B | +345.72% |
Cost of Revenue $B | 6.40 $B | 5.79 $B | +10.48% |
Gross Profit $B | 35.06 $B | 3.51 $B | +899.32% |
Operating Income $B | 33.32 $B | 2.17 $B | +1436.10% |
Net Income $B | 28.24 $B | 1.89 $B | +1398.30% |
EPS (Basic) $ | 25.03 $ | 1.69 $ | +1381.07% |
EPS (Diluted) $ | 24.67 $ | 1.68 $ | +1368.45% |
R&D Expense $B | 1.32 $B | 0.97 $B | +36.37% |
SG&A Expense $M | 407.00 $M | 318.00 $M | +27.99% |
Answers draw on this SEC filing and the data on this page
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