HighGravityDataMicron Technology — Mar 18, 2026 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000723125-26-000004
Showing in the filing
Quarterly dividend declared
“$0.15 per share”
Period
FY2026
Measure
Declared action
Source
Prose
All guidance in this release · 17
CEO commentary on fiscal Q3 outlook for Q3 FY2026
“we expect significant records again in fiscal Q3”
Quarterly dividend declared for FY2026
“$0.15 per share”
Quarterly dividend
“$0.15 per share”
Revenue for Q3 FY2026
“$33.5 billion ± $750 million”
Revenue - Non-GAAP Outlook for Q3 FY2026
“$33.5 billion ± $750 million”
Gross margin for Q3 FY2026
“Approximately 81%”
Gross margin - Non-GAAP Outlook for Q3 FY2026
“Approximately 81%”
Operating expenses - GAAP Outlook for Q3 FY2026
“Approximately $1.60 billion”
Operating expenses (GAAP) for Q3 FY2026
“Approximately $1.60 billion”
Operating expenses - Non-GAAP Outlook for Q3 FY2026
“Approximately $1.40 billion”
Operating expenses (Non-GAAP) for Q3 FY2026
“Approximately $1.40 billion”
Diluted earnings per share - GAAP Outlook for Q3 FY2026
“$18.90 ± $0.40”
Diluted earnings per share (GAAP) for Q3 FY2026
“$18.90 ± $0.40”
Diluted earnings per share - Non-GAAP Outlook for Q3 FY2026
“$19.15 ± $0.40”
Diluted earnings per share (Non-GAAP) for Q3 FY2026
“$19.15 ± $0.40”
GAAP diluted shares outstanding (outlook) for Q3 FY2026
“approximately 1.14 billion diluted shares”
Non-GAAP diluted shares outstanding (outlook) for Q3 FY2026
“approximately 1.15 billion diluted shares”
Exhibit 99.1 · the passage around this item
… earlier in the release
Reflecting confidence in the sustained strength of our business, our board has approved a 30% increase in our quarterly dividend.” Quarterly Financial Results (in millions, except per share amounts) GAAP (1) Non-GAAP (2) FQ2-26 FQ1-26 FQ2-25 FQ2-26 FQ1-26 FQ2-25 Revenue $ 23,860 $ 13,643 $ 8,053 $ 23,860 $ 13,643 $ 8,053 Gross margin 17,755 7,646 2,963 17,876 7,753 3,053 Percent of revenue 74.4 % 56.0 % 36.8 % 74.9 % 56.8 % 37.9 % Operating expenses 1,620 1,510 1,190 1,421 1,334 1,046 Operating income 16,135 6,136 1,773 16,455 6,419 2,007 Percent of revenue 67.6 % 45.0 % 22.0 % 69.0 % 47.0 % 24.9 % Net income 13,785 5,240 1,583 14,021 5,482 1,783 Diluted earnings per share (EPS) 12.07 4.60 1.41 12.20 4.78 1.56 For the second quarter of 2026, investments in capital expenditures, net (2) were $5.0 billion and adjusted free cash flow (2) was $6.9 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $16.7 billion. On March 18, 2026, Micron’s Board of Directors declared a quarterly dividend of $0.15 per share, payable in cash on April 15, 2026, to shareholders of record as of the close of business on March 30, 2026. 1 Quarterly Business Unit Financial Results FQ2-26 FQ1-26 FQ2-25 Cloud Memory Business Unit Revenue $ 7,749 $ 5,284 $ 2,947 Gross margin 74 % 66 % 55 % Operating margin 66 % 55 % 45 % Core Data Center Business Unit Revenue $ 5,687 $ 2,379 $ 1,830 Gross margin 74 % 51 % 47 % Operating margin 67 % 37 % 33 % Mobile and Client Business Unit Revenue $ 7,711 $ 4,255 $ 2,236 Gross margin 79 % 54 % 15 % Operating margin 76 % 47 % 1 % Automotive and Embedded Business Unit Revenue $ 2,708 $ 1,720 $ 1,034 Gross margin 68 % 45 % 21 % Operating margin 62 % 36 % 6 % Business Outlook The following table presents Micron’s guidance for the third quarter of 2026: FQ3-26 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $33.5 billion ± $750 million $33.5 billion ± $750 million Gross margin Approximately 81% Approximately 81% Operating expenses Approximately $1.60 billion Approximately $1.40 billion Diluted earnings per share $18.90 ± $0.40 $19.15 ± $0.40 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, whic
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.