HighGravityDataMicron Technology — Jun 24, 2026 release
Fiscal 2026 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000723125-26-000013
Showing in the filing
Quarterly dividend
“$0.15 per share”
Period
FY2026
Measure
Declared action
Source
Prose
All guidance in this release · 14
Quarterly dividend for FY2026
“$0.15 per share”
Revenue for Q4 FY2026
“$50.0 billion ± $1.0 billion”
Revenue (Non-GAAP Outlook) for Q4 FY2026
“$50.0 billion ± $1.0 billion”
Gross margin for Q4 FY2026
“Approximately 86%”
Gross margin (Non-GAAP Outlook) for Q4 FY2026
“Approximately 86%”
Operating expenses (GAAP Outlook) for Q4 FY2026
“Approximately $1.86 billion”
Operating expenses (GAAP) for Q4 FY2026
“Approximately $1.86 billion”
Operating expenses (Non-GAAP Outlook) for Q4 FY2026
“Approximately $1.65 billion”
Operating expenses (Non-GAAP) for Q4 FY2026
“Approximately $1.65 billion”
Diluted earnings per share (GAAP Outlook) for Q4 FY2026
“$30.73 ± $1.00”
Diluted earnings per share (GAAP) for Q4 FY2026
“$30.73 ± $1.00”
Diluted earnings per share (Non-GAAP Outlook) for Q4 FY2026
“$31.00 ± $1.00”
Diluted earnings per share (Non-GAAP) for Q4 FY2026
“$31.00 ± $1.00”
Diluted shares basis for EPS outlook for Q4 FY2026
“approximately 1.15 billion diluted shares”
Exhibit 99.1 · the passage around this item
… earlier in the release
We believe our multi-year Strategic Customer Agreements will significantly enhance the durability and predictability of Micron’s strong financial performance.” Quarterly Financial Results (in millions, except per share amounts) GAAP (1) Non-GAAP (2) FQ3-26 FQ2-26 FQ3-25 FQ3-26 FQ2-26 FQ3-25 Revenue $ 41,456 $ 23,860 $ 9,301 $ 41,456 $ 23,860 $ 9,301 Gross margin 35,056 17,755 3,508 35,199 17,876 3,623 Percent of revenue 84.6 % 74.4 % 37.7 % 84.9 % 74.9 % 39.0 % Operating expenses 1,738 1,620 1,339 1,518 1,421 1,133 Operating income 33,318 16,135 2,169 33,681 16,455 2,490 Percent of revenue 80.4 % 67.6 % 23.3 % 81.2 % 69.0 % 26.8 % Net income 28,243 13,785 1,885 28,857 14,021 2,181 Diluted earnings per share (EPS) 24.67 12.07 1.68 25.11 12.20 1.91 For the third quarter of 2026, investments in capital expenditures, net (2) were $7.1 billion and adjusted free cash flow (2) was $18.3 billion. Micron ended the quarter with cash, marketable investments, and restricted cash of $30.2 billion. On June 24, 2026, Micron’s Board of Directors declared a quarterly dividend of $0.15 per share, payable in cash on July 21, 2026, to shareholders of record as of the close of business on July 6, 2026. 1 Quarterly Business Unit Financial Results FQ3-26 FQ2-26 FQ3-25 Cloud Memory Business Unit Revenue $ 13,769 $ 7,749 $ 3,386 Gross margin 83 % 74 % 58 % Operating margin 78 % 66 % 46 % Core Data Center Business Unit Revenue $ 11,524 $ 5,687 $ 1,530 Gross margin 87 % 74 % 38 % Operating margin 83 % 67 % 20 % Mobile and Client Business Unit Revenue $ 11,521 $ 7,711 $ 3,255 Gross margin 87 % 79 % 24 % Operating margin 86 % 76 % 15 % Automotive and Embedded Business Unit Revenue $ 4,634 $ 2,708 $ 1,127 Gross margin 79 % 68 % 26 % Operating margin 75 % 62 % 11 % Business Outlook The following table presents Micron’s guidance for the fourth quarter of 2026: FQ4-26 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $50.0 billion ± $1.0 billion $50.0 billion ± $1.0 billion Gross margin Approximately 86% Approximately 86% Operating expenses Approximately $1.86 billion Approximately $1.65 billion Diluted earnings per share $30.73 ± $1.00 $31.00 ± $1.00 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, w
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other guidance in this release
Text is the filed exhibit, verbatim.