Micron Technology, Inc. reported record revenue of $13.64 billion for the first quarter of fiscal 2026.
The company achieved GAAP net income of $5.24 billion, or $4.60 per diluted share.
Operating cash flow reached $8.41 billion, demonstrating significant growth compared to the previous quarter.
Record Revenue
Revenue reached $13.64 billion, showing substantial growth compared to the prior quarter and the same period last year.
Strong Profitability
GAAP net income of $5.24 billion and non-GAAP net income of $5.48 billion highlight the company's strong profitability.
Cash Flow Growth
Operating cash flow of $8.41 billion reflected a significant increase from the prior quarter, indicating improved financial health.
- Micron Technology's fiscal Q1 results showcased the company's ability to capitalize on AI demand and execute effectively, leading to record-breaking performance.
- The positive outlook for fiscal 2026, with expectations of continued business strengthening, indicates Micron's position as a key player in enabling AI technologies.
- Investments in capital expenditures and adjusted free cash flow demonstrate Micron's strategic financial management and focus on sustainable growth.
Micron Technology's impressive fiscal Q1 results underscore its market leadership and financial stability, setting a strong foundation for future growth and innovation in the memory and storage solutions industry.