Micron Reports Record Second Quarter Results, Revenue Nearly Triples Driven by AI Demand

Micron Technology released its fiscal 2026 second quarter earnings report, showing record highs in revenue, gross margin, and earnings per share, driven by a surge in memory demand fueled by artificial intelligence. The report shows that Micron's total revenue for the second quarter reached $23.9 billion, a 75% increase sequentially and a 196% increase year-over-year, marking the fourth consecutive quarter of record revenue. DRAM revenue increased by 207% year-over-year to $18.8 billion, while NAND revenue increased by 169% year-over-year to $5 billion. The company's gross margin reached 75%, and net income was $14 billion.

Micron CEO Sanjay Mehrotra stated that memory has become a strategic asset in the age of artificial intelligence. With strong demand for products such as HBM, the company expects third-quarter revenue to reach a record $33.5 billion, with a gross margin of approximately 81.0%. Meanwhile, Micron is aggressively expanding production to meet demand, with capital expenditures expected to be approximately $7 billion in the third quarter.