MU Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-02-26), MU reported revenue of $23.9B, gross profit of $17.8B (74.4% gross margin), operating income of $16.1B, and net income of $13.8B (57.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
MU was profitable; revenue grew 196.3% year over year, and EPS beat consensus by $3.44.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +196.3% | +770.8% | Not available |
| Quarter over quarter | +74.9% | +163.1% | Not available |
EPS was $12.08 versus $8.64 expected.
MU Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $23.9B | 100% |
| Cost of Revenue | −$6.1B | 25.6% |
| Gross Profit | $17.8B | 74.4% |
| Research & Development | −$1.3B | 5.2% |
| Selling, General & Administrative | −$344M | 1.4% |
| Other Operating Expenses | −$26M | 0.1% |
| Operating Income | $16.1B | 67.6% |
| Interest Expense | −$32M | 0.1% |
| Other Income, net | $53M | 0.2% |
| Income Tax Expense | $2.4B | 9.9% |
| Net Income | $13.8B | 57.8% |
Source: original SEC filing (filed 2026-03-18). Accession 0000723125-26-000004. Data normalized by EarningsFyi.