Micron Technology (US semiconductor company)Měiguāng Kējì美光科技second quarterèr jìdù二季度revenueyíngshōu营收record-breakingchuàng jìlù创纪录，reaching / amounting todá达$23.86 billionliǎngbǎi sānshíbā diǎn liù yì měiyuán238.6亿美元。
March 18, 2026 at 8:00 PM
New Words
News in English
BusinessMicron Posts Record Revenue of $23.86 Billion in Q2 as AI Memory Demand Surges
Micron Technology reported second-quarter fiscal 2026 results on March 18, 2026, with revenue reaching a record $23.86 billion, well above analyst forecasts. A surge in AI-driven memory demand was the core driver of the strong performance.
On March 18, 2026, American semiconductor company Micron Technology released its fiscal year 2026 second quarter financial report.
The company's quarterly revenue reached $23.86 billion, exceeding analyst expectations by approximately 19 percent, setting a new all-time high record.
Earnings per share were $12.20, far surpassing Wall Street analysts' forecast of $8.60.
The company's net profit reached $13.8 billion, representing nearly sevenfold growth compared to the same period last year's $1.58 billion.
Cloud computing and storage business revenue grew year-over-year by more than 160 percent, reaching $7.75 billion and becoming the largest growth driver.
Mobile and client segment chip business revenue also surged from $2.24 billion to $7.71 billion.
CEO Sanjay Mehrotra stated that the performance surge stemmed from AI-driven memory demand growth, structural supply tightening, and the company's strong execution capabilities.
Analysts expect continued expansion of AI infrastructure to maintain strong memory chip demand over the next several quarters at elevated levels.
More in Business
MomentaMóméng tǎ摩蒙塔Hong KongXiānggǎng香港listedshàngshì上市fundraisingróngjī融资$752 million7.52 yì měiyuán7.52亿美元
Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise
Samsung (South Korean electronics company)Sānxīng三星、SK Hynix (South Korean memory chipmaker)SK HǎilìshìSK海力士and / together withyǔ与Micron (US semiconductor company)Měiguāng美光to race to / to vie injìngxiāng竞相to expand / to increasekuòdà扩大AI / artificial intelligenceAIAImemory (computing)nèicún内存chip / semiconductor chipxīnpiàn芯片production capacitychǎnnéng产能。
Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity
ChinaZhōngguó中国artificial intelligenceréngōng zhìnéng人工智能companygōngsī公司MiniMax (Chinese AI company)MiniMaxMiniMaxto completewánchéng完成$2 billionèrshí yì měiyuán二十亿美元fundraising / financingróngzī融资。
Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale
PepsiCoBǎishì Gōngsī百事公司earnings / performanceyèjī业绩lower than / belowdīyú低于expectation / forecastyùqī预期，the United StatesMěiguó美国stock marketgǔshì股市slightly / marginallyxiǎofú小幅to rise / to increaseshàngzhǎng上涨。
PepsiCo Earnings Disappoint as US Stocks Edge Higher