MU earnings
Analysis, not adviceThis print
24 Jun 2026Q2 FY26graded 26 Jun 2026
cons 20.98 EPS / 35.91B rev
Next scheduled print 23 Dec 2026. Nothing on this page is about that print yet.
What the desk tested
Explicit conditions that would change the desk’s view, graded against the transcript below.
The desk published no pre-read for the 24 Jun 2026 print — the criteria it graded are in the verdict below.
The desk's graded verdict
intactgraded 26 Jun 2026
PASSHBM revenue trajectory
“HBM4, built on 1-beta DRAM technology, is in high-volume shipments for our lead customer's platform, and qualification samples have been shipped to multiple end-customers.”
PASSGross margin trajectory
“Gross margin — 84.6% — Percent of revenue”
This page shows one print. The desk has published work on 1 earlier print of MU.
Educational analysis, not a personalised recommendation. See all covered names on the earnings calendar · part of our public track record.