Investment Rating - The investment rating for the company is "Positive" [2] Core Insights - The company, Micron, reported FY26Q1 results that exceeded expectations, with revenue of $13.643 billion, a year-over-year increase of 57% and a quarter-over-quarter increase of 21% [3][25] - The gross margin was 57%, up 17 percentage points year-over-year and 11 percentage points quarter-over-quarter [3][25] - Net income reached $5.482 billion, representing a 169% increase year-over-year and a 58% increase quarter-over-quarter [3][25] - The company expects FY26Q2 revenue to be between $18.7 billion and $19.1 billion, with a gross margin of approximately 68% [3][31] - Capital expenditures (CapEx) guidance for FY26 has been raised to $20 billion, up from the previous estimate of $18 billion [3] Financial Performance Summary - Revenue for FY26Q1 was $13.643 billion, with a gross margin of 57% and net income of $5.482 billion [25] - DRAM revenue was $10.8 billion, up 69% year-over-year, while NAND revenue was $2.7 billion, up 22% year-over-year [3][25] - The cloud storage business saw revenue of $5.284 billion, doubling year-over-year [3][29] Business Segment Performance - The company reported strong performance across its business segments, with the following revenue contributions: - Cloud Memory (CMBU): $5.284 billion, gross margin of 66% [29] - Core Data (CDBU): $2.379 billion, gross margin of 51% [29] - Mobile and Client (MCBU): $4.255 billion, gross margin of 54% [29] - Automotive and Embedded (AEBU): $1.720 billion, gross margin of 45% [29]

Core Viewpoint - Micron Technology reported strong financial results for Q1 FY2026, with revenue of $13.64 billion, a 57% year-over-year increase, and a GAAP gross margin of 56%, indicating a significant performance boost amid a supply-demand imbalance in the memory industry [2][6]. Financial Performance - Revenue for Q1 FY2026 was $13.64 billion, up 57% year-over-year [2]. - GAAP gross margin was reported at 56% [2]. - Net income reached $5.24 billion, with diluted earnings per share of $4.60, exceeding market expectations [2]. - The company anticipates Q2 FY2026 revenue of $18.7 billion, with a projected GAAP gross margin of 67% and diluted earnings per share of $8.19, also above market expectations [6]. Business Segments - Micron's cloud storage business generated $5.28 billion in revenue, doubling year-over-year [6]. - Core data center business revenue was $2.38 billion, a 4% increase year-over-year, driven by higher product pricing [6]. Market Outlook - Micron expects the overall effective market for HBM to grow at a compound annual growth rate of approximately 40%, from about $35 billion in 2025 to around $100 billion by 2028, with this milestone anticipated two years earlier than previously expected [9]. - The company has secured agreements for the entire supply of HBM for FY2026, indicating a sustained supply shortage [7]. Investment and Capital Expenditure - Capital expenditure for FY2026 has been raised to $20 billion, up from the previous $18 billion, primarily to support HBM supply capacity and the production of 1-gamma DRAM nodes [9][8]. - Micron is engaging in long-term contracts with key customers, differing from traditional one-year agreements, to address the supply-demand dynamics [9]. Strategic Importance - Memory is increasingly viewed as a strategic asset essential for product performance across various applications, including data centers and edge devices, particularly in the context of AI [10].

营收达136.4亿美元，环比增长20.49%，同比增长56.60%，同比环比均实现增长，也高于分析师预期的 约 129.5 亿美元。 按GAAP口径计算，净利润为52.4亿美元，环比增63.70%，同比增180.21%。 按非GAAP口径计算，净利润为54.8亿美元，环比增58.03%，同比增169.12%。 来源：格隆汇APP 当地时间12月17日美股盘后，存储芯片大厂美光科技公布2026财年第一财季财报。 该季度公司业绩表现出色，创下多项纪录，对于下一季的业绩指引也远超预期，受消息刺激美光股价周 三盘后大涨8%。该股今年以来已经累计上涨168%。 | 997 | 5日 · 5分钟 15分钟 60分钟 日晚 周围 更多肉嗎 · | 灵给 · 酷加 · 画线 | 一 一 一 一 一 一 一 一 一 二 | | | MU 美光科技 | | | 免费体验L2行情 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 美光科技 分时 成交易 所属行业:信息技术 最新:3281.86 激度:1.79% | | 盘后行情 | | | | ...