Micron Technology(US:MU) Globenewswire·2025-12-17 21:01Core Insights - Micron Technology, Inc. reported record revenue and significant margin expansion in its first quarter of fiscal 2026, indicating strong business performance and a positive outlook for the future [3][4]. Financial Performance - Revenue for Q1 2026 reached $13.64 billion, up from $11.32 billion in Q4 2025 and $8.71 billion in Q1 2025 [4][7]. - GAAP net income was $5.24 billion, translating to $4.60 per diluted share, compared to $3.20 billion and $2.83 per diluted share in the previous quarter [4][7]. - Non-GAAP net income was $5.48 billion, or $4.78 per diluted share, compared to $3.47 billion and $3.03 per diluted share in the prior quarter [4][7]. - Operating cash flow increased to $8.41 billion from $5.73 billion in the previous quarter [7]. Business Unit Performance - The Cloud Memory Business Unit generated $5.28 billion in revenue with a gross margin of 66% [5]. - The Core Data Center Business Unit reported revenue of $2.38 billion and a gross margin of 51% [5]. - The Mobile and Client Business Unit achieved revenue of $4.26 billion with a gross margin of 54% [8]. - The Automotive and Embedded Business Unit had revenue of $1.72 billion and a gross margin of 45% [9]. Capital Expenditures and Cash Flow - Capital expenditures for Q1 2026 were $4.5 billion, with adjusted free cash flow at $3.9 billion [4][22]. - Micron ended the quarter with cash, marketable investments, and restricted cash totaling $12.0 billion [4]. Dividend Declaration - The Board of Directors declared a quarterly dividend of $0.115 per share, payable on January 14, 2026, to shareholders of record as of December 29, 2025 [4]. Business Outlook - For Q2 2026, Micron anticipates revenue of approximately $18.70 billion, with a gross margin of 67% and diluted earnings per share of $8.19 [10][24].