Micron Technology Inc: Annual report
Micron reported sharp revenue and profit growth in fiscal 2026 driven by strong artificial intelligence demand and higher memory prices.
Positive for the companyWhat the numbers say
Revenue rose 256% to $133.2B versus the prior year; operating margin widened from 26.1% to 74.6%; diluted EPS $74.33 versus $7.59; operating cash flow $89.7B (a year earlier $17.5B); free cash flow $59B (a year earlier $1.7B); cash rose by $28.7B to $38.4B while debt fell by $8.7B; diluted share count up 1.6% (dilution).
What happened
- Total revenue increased 256% in 2026 as average selling prices and bit shipments rose for both DRAM and NAND products.
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