Micron Technology Inc (MU) reported better-than-expected financial results for the first quarter of fiscal 2026. The company posted earnings per share (EPS) of $4.78, surpassing Wall Street's consensus estimate of $4.05 by $0.73. Additionally, revenue reached $13.6 billion, exceeding expectations of $13.2 billion.
This performance highlights the strength of Micron's operational fundamentals amid a competitive semiconductor landscape. The company, headquartered in Boise, Idaho, specializes in innovative memory and storage solutions, employing 53,000 people. Its offerings include dynamic random-access memory (DRAM), NAND, and NOR products, which support advancements in artificial intelligence and compute-intensive applications.
Micron's segments encompass the Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU focuses on memory products for data centers and PCs, while the MBU targets mobile-device markets. The EBU serves the intelligent edge across automotive and industrial sectors, and the SBU provides SSDs and storage solutions for various markets.
The company will host an earnings conference call after market close to discuss these results further and provide insights into its business performance. Investors are encouraged to review the full earnings release and listen to management commentary for comprehensive context regarding the quarter's results and future outlook.
Micron's market capitalization stands at $262.1 billion, with a trailing P/E ratio of 30.70 and a dividend yield of 19.4%. Looking ahead, the company is scheduled to report its next earnings on June 23, 2026, with EPS and revenue estimates of $5.50 and $15.6 billion, respectively.