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On March 18 (Eastern Time), Micron Technology released its financial results for the second fiscal quarter of fiscal year 2026, reporting quarterly revenue of $23.86 billion, up approximately 196% year-on-year. The non-GAAP gross margin approached 75%, and the quarterly dividend was raised by 30% to $0.15 per share. Notably, revenue from cloud storage and core data center businesses exceeded $13.4 billion, accounting for half of the total revenue. Micron expects the median revenue for the third quarter to reach $33.5 billion, with a non-GAAP EPS median of $19.15 and a gross margin rising to approximately 81%. Additionally, Micron raised its capital expenditure guidance for the current fiscal year by 25% to $25 billion, with spending expected to increase by over $10 billion in the next fiscal year.
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