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Micron Technology MU Q1 2026 earnings

Reported December 17, 2025 · After market close

Revenue$13.6BBeat by $736.3M
EPS$4.78Beat by $0.82
Revenue estimate$12.9B
EPS estimate$3.96

Next report

Sep 29, 2026 (in a month)
Revenue estimate$50.4B
EPS estimate$31.14

Financials

Q1 2026

Income statement

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Revenue$13.6B+56.7%
Gross profit$7.6B+128%
Operating income$6.1B+182%
Net income$5.2B+180%
EPS (diluted)$4.60+175%

Balance sheet

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Cash & equivalents$9.7B+45.4%
Total debt$15.4B-9.0%
Total equity$58.8B+25.7%
Total assets$86.0B+20.3%

Cash flow

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Operating cash flow$8.4B+159%
CapEx$5.4B+68.1%
Free cash flow$3.0B+7,853%

Valuation & ratios

Valuation

as of 11/27/25
See full
Market cap$321.23B+243%
Enterprise value$326.91B+214%
P/E27×+2.8×
P/S7.6×+4.4×

Profitability

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Gross margin45.3%+14.4pp
Operating margin32.5%+16.6pp
Net margin28.1%+14.8pp
FCF margin11%+9.1pp

Returns & leverage

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Return on equity22.6%+13.9pp
Debt / equity0.3×-0.1×
Current ratio2.5×-0.3×

Segments

By segment

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CMBU$5.3B—
CDBU$2.4B—
AEBU$1.7B—
All other$5.0M+66.7%

By product

See full
DRAM$10.8B+68.9%
NAND$2.7B+22.4%
Other (primarily NOR)$88.0M+29.4%

FAQ

When did Micron Technology report Q1 2026 earnings?
Micron Technology (MU) reported Q1 2026 earnings on December 17, 2025 after market close.
What were Micron Technology's Q1 2026 revenue and EPS?
Micron Technology reported revenue of $13.6B and eps of $4.78 for Q1 2026.
Did Micron Technology beat estimates in Q1 2026?
Revenue beat the consensus estimate of $12.9B by $736.3M. EPS beat the consensus estimate of $3.96 by $0.82.
How did Micron Technology's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 56.7% from $8.7B a year earlier and eps grew 167.0% from $1.79.
Where can I find Micron Technology's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000723125-25-000044) and the 10-Q periodic report (0000723125-25-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.