Micron reports record Q3 revenue of $41.46B

• Micron Technology (NASDAQ:MU) posted record third quarter fiscal 2026 revenue of $41.46 billion.
• GAAP net income reached $28.24 billion with EPS of $24.67, while non-GAAP net income was $28.86 billion.
• Micron Technology guided fourth quarter revenue to $50 billion ± $1 billion with gross margin of approximately 86%.

Micron Technology (NASDAQ:MU) reported record third quarter fiscal 2026 revenue of $41.46 billion, significantly higher than $23.86 billion in the prior quarter and $9.30 billion a year ago.

GAAP net income for the quarter was $28.24 billion, or $24.67 per share, while non-GAAP net income was $28.86 billion, or $25.11 per share.

The company generated operating cash flow of $25.39 billion and adjusted free cash flow of $18.3 billion.

Micron ended the quarter with cash and investments totaling $30.2 billion.

The board also declared a quarterly dividend of $0.15 per share.

For the fourth quarter of fiscal 2026, Micron expects revenue of $50 billion, plus or minus $1 billion, with gross margin of approximately 86%.