Micron record quarter - The generational memory boom is alive and well

CEO said the company is benefiting from a “strong demand environment” and “tight industry supply,” adding that Micron expects more record results in fiscal Q3. Micron’s guidance calls for revenue of $33.5 billion, gross margins of 81% and adjusted earnings of $19.15. Wall Street expected $10.77 in adjusted EPS. Micron (MU) guided Q2 FY26 revenue to $18.70B (+132% YoY), having locked in its entire calendar 2026 HBM supply through pre-negotiated customer agreements. Reflecting confidence in its performance, Micron said that its board approved a 30% increase to the quarterly dividend. The will be paid on April 15, 2026, to shareholders of record as of the close of business on March 30, 2026. Stock have risen 60% YTD 350% the last year and only trades at 24x PE after an insane run