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Micron Earnings Calls
| Release date | Jun 24, 2026 |
| EPS estimate | $20.98 |
| EPS actual | $25.11 |
| EPS Surprise | 19.69% |
| Revenue estimate | 35.912B |
| Revenue actual | 41.456B |
| Revenue Surprise | 15.44% |
| Release date | Mar 18, 2026 |
| EPS estimate | $9.19 |
| EPS actual | $12.20 |
| EPS Surprise | 32.75% |
| Revenue estimate | 19.967B |
| Revenue actual | 23.86B |
| Revenue Surprise | 19.50% |
| Release date | Dec 17, 2025 |
| EPS estimate | $3.96 |
| EPS actual | $4.78 |
| EPS Surprise | 20.71% |
| Revenue estimate | 12.907B |
| Revenue actual | 13.643B |
| Revenue Surprise | 5.70% |
| Release date | Sep 23, 2025 |
| EPS estimate | $2.86 |
| EPS actual | $3.03 |
| EPS Surprise | 5.94% |
| Revenue estimate | 11.217B |
| Revenue actual | 11.315B |
| Revenue Surprise | 0.87% |
Last 4 Quarters for Micron
Below you can see how MU performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 23, 2025 |
| Price on release | $166.41 |
| EPS estimate | $2.86 |
| EPS actual | $3.03 |
| EPS surprise | 5.94% |
| Date | Price |
|---|---|
| Sep 17, 2025 | $159.99 |
| Sep 18, 2025 | $168.89 |
| Sep 19, 2025 | $162.73 |
| Sep 22, 2025 | $164.62 |
| Sep 23, 2025 | $166.41 |
| Sep 24, 2025 | $161.71 |
| Sep 25, 2025 | $156.83 |
| Sep 26, 2025 | $157.27 |
| Sep 29, 2025 | $163.90 |
| 4 days before | 4.01% |
| 4 days after | -1.51% |
| On release day | -2.82% |
| Change in period | 2.44% |
| Release date | Dec 17, 2025 |
| Price on release | $225.52 |
| EPS estimate | $3.96 |
| EPS actual | $4.78 |
| EPS surprise | 20.71% |
| Date | Price |
|---|---|
| Dec 11, 2025 | $258.46 |
| Dec 12, 2025 | $241.14 |
| Dec 15, 2025 | $237.50 |
| Dec 16, 2025 | $232.51 |
| Dec 17, 2025 | $225.52 |
| Dec 18, 2025 | $248.55 |
| Dec 19, 2025 | $265.92 |
| Dec 22, 2025 | $276.59 |
| Dec 23, 2025 | $276.27 |
| 4 days before | -12.74% |
| 4 days after | 22.50% |
| On release day | 10.21% |
| Change in period | 6.89% |
| Release date | Mar 18, 2026 |
| Price on release | $461.73 |
| EPS estimate | $9.19 |
| EPS actual | $12.20 |
| EPS surprise | 32.75% |
| Date | Price |
|---|---|
| Mar 12, 2026 | $405.35 |
| Mar 13, 2026 | $426.13 |
| Mar 16, 2026 | $441.80 |
| Mar 17, 2026 | $461.69 |
| Mar 18, 2026 | $461.73 |
| Mar 19, 2026 | $444.27 |
| Mar 20, 2026 | $422.90 |
| Mar 23, 2026 | $404.35 |
| Mar 24, 2026 | $395.53 |
| 4 days before | 13.91% |
| 4 days after | -14.34% |
| On release day | -3.78% |
| Change in period | -2.42% |
| Release date | Jun 24, 2026 |
| Price on release | $1,048.51 |
| EPS estimate | $20.98 |
| EPS actual | $25.11 |
| EPS surprise | 19.69% |
| Date | Price |
|---|---|
| Jun 17, 2026 | $1,043.19 |
| Jun 18, 2026 | $1,133.99 |
| Jun 22, 2026 | $1,211.38 |
| Jun 23, 2026 | $1,051.77 |
| Jun 24, 2026 | $1,048.51 |
| Jun 25, 2026 | $1,213.56 |
| Jun 26, 2026 | $1,132.33 |
| Jun 29, 2026 | $1,145.28 |
| Jun 30, 2026 | $1,154.29 |
| 4 days before | 0.510% |
| 4 days after | 10.09% |
| On release day | 15.74% |
| Change in period | 10.65% |
Micron Earnings Call Transcript Summary of Q2 2026
Micron reported an exceptional fiscal Q2 with record revenue ($23.9B), gross margin (75%), EPS ($12.20 non-GAAP) and free cash flow ($6.9B). Revenue nearly tripled year-over-year, driven by very strong DRAM ($18.8B) and NAND ($5.0B) performance and favorable pricing/mix. Management guided materially higher for fiscal Q3: revenue ~$33.5B (+/- $0.75B), gross margin ~81%, OpEx ~$1.4B and EPS ~$19.15 (based on 1.15B shares). The board approved a 30% increase in the quarterly dividend. Micron emphasized technology and product ramps — 1γ DRAM and G9 NAND are ramping faster than prior nodes, HBM4 volume shipments have begun (36GB 12-Hi), HBM4E development is underway for 2027, and LP/SoC-M innovations were highlighted. The company is executing an accelerated capacity expansion (Tongluo acquisition closed; Idaho, New York, Singapore, Japan, India projects progressing) and expects fiscal 2026 CapEx above $25B with a significant step-up in fiscal 2027 (construction-related CapEx +$10B+ YoY). Management reiterated industry-wide supply constraints for DRAM and NAND extending beyond 2026, driving tight pricing and allocation dynamics; some large customers are being fulfilled only 50–66% of demand. Micron finished the quarter with record cash & investments ($16.7B), net cash $6.5B after debt reduction, and plans disciplined capital allocation (deleveraging, R&D/CapEx, dividend, opportunistic buybacks within CHIPS constraints). Key risks/notes: SCAs (strategic customer agreements) are multiyear and intended to improve visibility but are confidential; margins are being supported by AI-driven demand and structural supply tightness; management will meaningfully increase R&D in fiscal 2027.
