Micron’s shares rose sharply over the past year, reaching about a $1.07 trillion market capitalization and briefly clearing $1 trillion for the first time. The stock gained roughly 880% from a 52-week low and is up about 225% year to date. The latest fiscal Q2 2026 results show revenue of $23.86 billion, up 196% year over year, with 75% gross margins. Non-GAAP diluted EPS was $12.20, up 682% year over year, with $16.5 billion operating income and a 69% operating margin. Free cash flow reached a quarterly record of $6.9 billion. Q3 guidance targets $33.5 billion plus or minus $750 million revenue at about 81% gross margin and EPS of $19.15 plus or minus $0.40.
"Micron went from a 52-week low of $92.22 to $905.88, an approximately 880% gain in 12 months. On May 26, 2026, shares surged 19.3% in a single session and briefly topped a $1 trillion market cap for the first time. The stock closed Wednesday at $928.41, with the most recent trading day moving to $945.53. Year to date, the percentage change is 225.44%. The market cap as of this morning sits at roughly $1.07 trillion. To get to two trillion, the stock essentially has to do it again."
"This morning's fiscal Q2 2026 print is the strongest evidence ever filed by a memory company. Q2 FY2026 revenue was $23.86 billion, up 196% year over year, with 75% gross margins. CFO Mark Murphy put non-GAAP diluted EPS at $12.20, up 682% year over year, with operating income of $16.5 billion at a 69% operating margin. Free cash flow set a quarterly record at $6.9 billion."
"Now the guidance. Q3 revenue is targeted at $33.5 billion ± $750 million at roughly 81% gross margin, with EPS of $19.15 ± $0.40. CEO Sanjay Mehrotra said the Q2 outlook "reflects substantial records across revenue, gross margin, EPS and free cash flow" and called Micron "on""
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