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Total Revenue
$41,456.0M
+73.7% QoQ · +345.7% YoY
Non-GAAP Gross Margin
84.9%
+13.4% QoQ · +117.7% YoY
Non-GAAP Operating Margin
81.2%
+17.7% QoQ · +203.0% YoY
Non-GAAP Diluted EPS
25.1$
+105.8% QoQ · +1214.7% YoY
Cloud Memory Business Unit Revenue
$13,769.0M
+77.7% QoQ
Core Data Center Business Unit Revenue
$11,524.0M
+102.6% QoQ
Non-GAAP Gross Margin (%)
Non-GAAP Operating Margin (%)
Cloud Memory Business Unit Revenue ($M)
Core Data Center Business Unit Revenue ($M)
Why these KPIs
Micron's earnings release reports Total Revenue with non-GAAP gross margin, operating margin and diluted EPS every quarter in its GAAP/non-GAAP results table. Starting with the fiscal Q4 2025 release, Micron began disclosing a 'Quarterly Business Unit Financial Results' breakout (Cloud Memory, Core Data Center, Mobile and Client, Automotive and Embedded); Cloud Memory and Core Data Center are tracked here as the AI/HBM-driven growth segments management now emphasizes, null for the four quarters before that breakout began.
| Period | Total Revenue | Non-GAAP Gross Margin | Non-GAAP Operating Margin | Non-GAAP Diluted EPS | Cloud Memory Business Unit Revenue | Core Data Center Business Unit Revenue |
|---|
| FQ4 2024 | $7,750.0M | 36.5% | 22.5% | 1.2$ | — | — |
| FQ1 2025 | $8,709.0M | 39.5% | 27.5% | 1.8$ | — | — |
| FQ2 2025 | $8,053.0M | 37.9% | 24.9% | 1.6$ | — | — |
| FQ3 2025 | $9,301.0M | 39.0% | 26.8% | 1.9$ | — | — |
| FQ4 2025 | $11,315.0M | 45.7% | 35.0% | 3.0$ | $4,543.0M | $1,577.0M |
| FQ1 2026 | $13,643.0M | 56.8% | 47.0% | 4.8$ | $5,284.0M | $2,379.0M |
| FQ2 2026 | $23,860.0M | 74.9% | 69.0% | 12.2$ | $7,749.0M | $5,687.0M |
| FQ3 2026 | $41,456.0M | 84.9% | 81.2% | 25.1$ | $13,769.0M | $11,524.0M |