Q3 2026 Micron Technology Inc Earnings Call Transcript
Key Points
- Micron Technology Inc (MU) delivered exceptional fiscal Q3 results with revenue, gross margin, and EPS exceeding the high end of guidance.
- The company signed 16 strategic customer agreements (SCAs), providing long-term demand visibility and enhancing financial performance.
- Data center revenue exceeded $25 billion in fiscal Q3, with data center SSD revenue more than doubling sequentially.
- Micron's 1-gamma DRAM node and G9 NAND node are ramping well and are on track to become the highest volume nodes in the company's history.
- The company projects to receive $22 billion in cash deposits and related financial commitments under the SCAs, demonstrating strong customer commitment.
- DRAM and NAND industry demand continues to significantly exceed supply, with tight conditions expected to persist beyond 2027.
- Supply growth is constrained by factors such as long lead times for fab construction, shortage of skilled workers, and complex regulations.
- The complexity of memory process technology is increasing, leading to slower bit growth over time.
- Micron's fiscal Q4 gross margin outlook reflects a moderation in the rate of price increases.
- The company faces challenges in expanding global manufacturing footprint and increasing supply to meet long-term demand.
Ladies and gentlemen, thank you for joining us and welcome to Micron Technologies' fiscal third quarter 2026 financial conference call. After today's prepared remarks, we will host a question-and-answer session. Webcast viewers, please note that you will be able to advance the slides as you view at your own pace.
I will now hand the conference over to Satya Kumar, Corporate Vice President of Investor Relations and Treasury. Satya, please go ahead.
Thank you, and welcome to Micron Technologies fiscal third quarter 2026 financial conference call. On the call with me today are Sanjay Mehrotra, our Chairman, President and CEO; and Mark Murphy, our CFO. Today's call is being webcast from our Investor Relations site at investors.micron.com, including audio and slides.
In addition, the press release detailing our quarterly results has been posted on the website, along with the prepared remarks for this call. Today's discussion contains forward-looking statements that are subject to risks and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
