Yesterday, according to local time, Micron unveiled its financial performance for the first quarter of fiscal year 2026 (FY2026Q1). During the fiscal quarter that concluded on November 27, 2025, Micron posted revenue of $13.643 billion (equivalent to roughly RMB 96.203 billion), outperforming the consensus analyst forecast. This represents a sequential growth of 20.57% and a year-on-year surge of 56.65%. In compliance with Generally Accepted Accounting Principles (GAAP) standards, the gross margin for the quarter climbed to 56.0%, whereas the operating margin reached 45.0%. Both metrics exhibited an improvement of at least 10 percentage points compared to the preceding fiscal quarter. Additionally, diluted earnings per share (EPS) experienced a notable uptick. Looking ahead to FY2026Q2, Micron projects revenue to hit $18.7 billion, with a margin of error of $400 million (the average analyst estimate stands at $14.2 billion). The company also anticipates the GAAP gross margin to reach 67.0%, with a potential fluctuation of 1.0%.