Micron Technology revenue nearly triples in Q2 FY2026

14 articles · Updated · The Motley Fool · Apr 26

Revenue surged 75% sequentially, with net profit margin reaching 57.8% and Q3 guidance implying $34.25 billion in revenue.
Micron exited its consumer business to focus on high-margin AI infrastructure, reflecting strong demand for its memory chips in AI applications.
A recent 30% dividend hike signals management's confidence in continued growth, as the AI industry is projected to expand at a 30.6% CAGR through 2033.

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