Micron Reports Record $41.46 Billion Revenue in Fiscal Q3 2026
Micron Technology posted $41.46 billion in revenue and $28.24 billion in GAAP net income for its fiscal third quarter ended May 28, 2026, marking record results driven by AI-era demand for memory semiconductors.
Micron Technology reported revenue of $41.46 billion for its fiscal third quarter ended May 28, 2026, up from $23.86 billion in the prior quarter and $9.30 billion in the same period a year earlier [1]. The chipmaker posted GAAP net income of $28.24 billion, or $24.67 per diluted share, and non-GAAP net income of $28.86 billion, or $25.11 per diluted share [1].
Chairman, President and CEO Sanjay Mehrotra attributed the results to memory's strategic role in artificial intelligence infrastructure [1]. Operating cash flow reached $25.39 billion, compared with $11.90 billion in the prior quarter and $4.61 billion in the year-ago period [1].
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