【AI+MU】Micron Earnings Beat Expectations, Stock Falls 4% After Hours

SocialAnxietyStaker · 2026-03-18T23:34:05+00:00

Micron announced its fiscal year 2026 second quarter results, with revenue of $23.86 billion and an adjusted earnings per share of $12.2, both surpassing expectations. Although increased capital expenditures raised market concerns, the stock price fell by 4.4%. Future projections estimate revenue reaching $33.5 billion, demonstrating strong growth primarily driven by demand for artificial intelligence.

SocialAnxietyStaker

2026-03-18 23:34:05

Abstract generation in progress

Micron (MU) reports second quarter results for fiscal year 2026, ending February 28, with revenue of $23.86 billion, up 196% year-over-year, surpassing expectations of $20.07 billion. Adjusted net income is $14.021 billion, a 686% increase, with adjusted earnings per share of $12.20, exceeding the expected $9.31.

However, concerns about capital expenditures weighed on the market, with second-quarter spending reaching $5.004 billion, up 62%. After-hours, the stock price fell 4.4% to $441.31.

Micron estimates this quarter’s revenue will reach approximately $33.5 billion, higher than last year’s $9.3 billion, indicating continued growth beyond analyst expectations of $24.3 billion. Adjusted earnings per share are projected at $19.15, surpassing market estimates of $12.05.

Micron CEO Sanjay Mehrotra stated, “The improved performance and outlook are the result of increased memory demand driven by artificial intelligence, structural supply constraints, and Micron’s strong execution across the board.”

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes