Micron Technology said revenue for the first quarter of fiscal 2026 ended November 27, 2025 was $13.64 billion, compared with $11.32 billion for the prior quarter and $8.71 billion for the same period last year. GAAP net income was $5.24 billion, or $4.60 per diluted share.

1. 01

   Micron Technology said revenue for the first quarter of fiscal 2026 ended November 27, 2025 was $13.64 billion, compared with $11.32 billion for the prior quarter and $8.71 billion for the same period last year. GAAP net income was $5.24 billion, or $4.60 per diluted share.

2. 02

   The company said GAAP gross margin for Q1 was 56.0%, compared with 44.7% for the prior quarter and 38.4% for the same period last year, while GAAP operating margin was 45.0%, compared with 32.3% and 25.0%, respectively.

3. 03

   Micron said operating cash flow for Q1 was $8.41 billion, compared with $5.73 billion for the prior quarter and $3.24 billion for the same period last year, while investments in capital expenditures, net were $4.5 billion and adjusted free cash flow was $3.9 billion.

4. 04

   The company provided guidance for Q2 of fiscal 2026 with revenue of $18.70 billion ± $400 million, GAAP gross margin of 67.0% ± 1.0%, and GAAP diluted earnings per share of $8.19 ± $0.20.

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Original filing

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