Micron Technology reports Q1 FY26 revenue of $13.64 billion, up 56.6% year over year, driven by AI PC memory demand.
Micron Technology posted Q1 FY26 revenue of $13.64 billion, a 56.6% year-over-year increase, fueled by rising memory demand for AI-powered PCs. The company’s Mobile and Client Business Unit contributed $4.255 billion to the total, reflecting a shift toward higher-memory devices.
Management guided Q2 FY26 revenue to $18.70 billion, with non-GAAP EPS of $8.42, signaling a memory super-cycle. The surge aligns with Nvidia’s push into PC chips, which require two to four times the memory of standard laptops.
Micron, the only US-listed pure-play memory maker, stands to benefit regardless of whether Nvidia, Intel, or AMD leads the AI PC market. Analysts note this is the first memory cycle with such broad-based demand growth in over a decade.