Micron reported Q2 2026 revenue of $23.8 billion, up from $8 billion a year earlier, driven by AI infrastructure demand.
Micron Technology posted Q2 2026 revenue of $23.8 billion, a threefold increase from $8 billion in Q2 2025, as AI-driven memory chip demand surged. Operating cash flow rose to $11.9 billion from $3.9 billion in the same period.
The company’s growth outpaced industry cyclical trends, with CEO Sanjay Mehrotra projecting record-setting Q3 results. Micron’s stock has climbed over 600% in the past 12 months, reflecting investor confidence in its AI market position.
Sandisk, a rival memory chipmaker, also reported strong growth, with Q3 fiscal 2026 revenue up 97% to $5.95 billion. Both firms are capitalizing on the AI boom, though Micron’s scale and cash flow growth stand out.