Micron Technology, Inc. (MU) Events

Filings that contain financial statements

The following Form 8-Ks furnish an Exhibit 99.1 earnings press release containing full unaudited condensed consolidated statements of operations, balance sheets, and statements of cash flows for the periods indicated:

• Accession 0000723125-25-000006 (filed 2025-03-20), quarter ended February 27, 2025 (fiscal Q2 2025)
• Accession 0000723125-25-000019 (filed 2025-06-25), quarter ended May 29, 2025 (fiscal Q3 2025)
• Accession 0000723125-25-000024 (filed 2025-09-23), quarter and fiscal year ended August 28, 2025 (fiscal Q4 2025 / full fiscal year 2025)
• Accession 0000723125-25-000044 (filed 2025-12-17), quarter ended November 27, 2025 (fiscal Q1 2026)
• Accession 0000723125-26-000004 (filed 2026-03-18), quarter ended February 26, 2026 (fiscal Q2 2026)
• Accession 0000723125-26-000013 (filed 2026-06-24), quarter ended May 28, 2026 (fiscal Q3 2026)

Earnings and guidance

Micron reported six consecutive quarters of sequential revenue growth and margin expansion, with results and guidance both accelerating sharply through fiscal 2026 on AI-driven memory demand.

• 2025-03-20 (accession 0000723125-25-000006): Fiscal Q2 2025 revenue of $8.05 billion (GAAP net income $1.58 billion, $1.41 diluted EPS), with HBM revenue crossing $1 billion for the first time in a quarter. Guidance for fiscal Q3 2025: revenue $8.80 billion ± $200 million.
• 2025-06-25 (accession 0000723125-25-000019): Fiscal Q3 2025 revenue of $9.30 billion, a company record at the time (GAAP net income $1.89 billion, $1.68 diluted EPS), driven by all-time-high DRAM revenue and nearly 50% sequential HBM growth. Guidance for fiscal Q4 2025: revenue $10.7 billion ± $300 million, gross margin 41.0% ± 1.0%.
• 2025-09-23 (accession 0000723125-25-000024): Fiscal Q4 2025 revenue of $11.32 billion; full fiscal 2025 revenue of $37.38 billion versus $25.11 billion in fiscal 2024, GAAP net income $8.54 billion ($7.59 diluted EPS) for the year. Guidance for fiscal Q1 2026: revenue $12.50 billion ± $300 million, gross margin 50.5% ± 1.0%.
• 2025-12-17 (accession 0000723125-25-000044): Fiscal Q1 2026 revenue of $13.64 billion (GAAP net income $5.24 billion, $4.60 diluted EPS), described by the company as its highest-ever free cash flow quarter. Guidance for fiscal Q2 2026: revenue $18.70 billion ± $400 million, gross margin 67.0% ± 1.0%.
• 2026-03-18 (accession 0000723125-26-000004): Fiscal Q2 2026 revenue of $23.86 billion (GAAP net income $13.79 billion, $12.07 diluted EPS; gross margin 74.4%). The board approved a 30% increase in the quarterly dividend, to $0.15 per share from $0.115 per share, payable April 15, 2026. Guidance for fiscal Q3 2026: revenue $33.5 billion ± $750 million, gross margin approximately 81%.
• 2026-06-24 (accession 0000723125-26-000013): Fiscal Q3 2026 revenue of $41.46 billion (GAAP net income $28.24 billion, $24.67 diluted EPS; non-GAAP diluted EPS $25.11; gross margin 84.6%). Operating cash flow was $25.39 billion and the company ended the quarter with $30.2 billion in cash, marketable investments, and restricted cash. Management said it had "executed transformational Strategic Customer Agreements" that it expects to enhance the durability and predictability of results, though the release did not disclose customer names or contract terms. Guidance for fiscal Q4 2026: revenue $50.0 billion ± $1.0 billion, gross margin approximately 86%, diluted EPS $30.73 ± $1.00 (GAAP).

Quarterly dividends held at $0.115 per share from March 2025 through December 2025, then rose to $0.15 per share starting with the March 2026 declaration.

Capital structure and debt actions

• 2025-04-29 (accession 0001104659-25-041201): Micron settled a public offering of $500 million of 5.65% senior notes due 2032 and $1.25 billion of 6.05% senior notes due 2035 (together, $1.75 billion), issued under a 2019 base indenture as supplemented by a tenth supplemental indenture dated April 29, 2025. The company said it intended to use net proceeds to redeem its then-outstanding 2027 notes, terminate related fixed-to-floating interest rate swaps, and apply any remainder to general corporate purposes, potentially including repayment of other debt.
• 2026-03-25 (accession 0001104659-26-034174): Micron commenced cash tender offers to purchase for cash any and all of six series of outstanding senior notes: 5.300% notes due 2031, 5.650% notes due 2032, two tranches of 5.875% notes due 2033, and two tranches of 5.800%/6.050% notes due 2035, together representing roughly $5.4 billion of principal outstanding.
• 2026-04-01 (accession 0001104659-26-038249): The tender offers expired on March 31, 2026. Micron reported approximately $4.3 billion aggregate principal validly tendered across the six series (e.g., $737.1 million of the $1.0 billion 2031 notes, $1.03 billion of the $1.25 billion 6.050% 2035 notes), plus additional amounts subject to guaranteed delivery, with payment expected April 3, 2026. BofA Securities, Morgan Stanley, and Wells Fargo Securities acted as dealer managers.

Board and governance

• 2025-07-18 (accession 0001104659-25-069019): The board approved Amended and Restated Bylaws, primarily updating the company's Delaware exclusive-forum provision to reflect changes in Delaware law, along with other ministerial and conforming changes.
• 2025-10-21 (accession 0001104659-25-101237): Directors Richard M. Beyer and Mary Pat McCarthy notified the board's Governance and Sustainability Committee that they would retire and not stand for re-election at the fiscal 2025 annual meeting; both continued serving through the end of their terms at that meeting.
• 2026-01-21 (accession 0001104659-26-005366): At the January 15, 2026 annual meeting, stockholders elected eight director nominees (Lynn A. Dugle, Steven J. Gomo, Linnie M. Haynesworth, T. Mark Liu, Sanjay Mehrotra, A. Christine Simons, Robert H. Swan, and MaryAnn Wright, consistent with the board's reduction following the Beyer/McCarthy retirements), approved say-on-pay on an advisory basis, approved a charter amendment adding officer exculpation provisions permitted under Delaware law (effective the same day), and ratified PricewaterhouseCoopers LLP as auditor for fiscal 2026. A stockholder proposal to amend special-meeting rights was not approved.
• 2026-06-09 (accession 0001104659-26-071845): The board appointed Alexis Black Björlin as a new independent director and to the Governance and Sustainability Committee, bringing the board to nine directors (eight independent).

Manufacturing investment and CHIPS Act funding

• 2025-06-12 (accession 0001104659-25-058741): Micron subsidiaries amended their CHIPS Act direct funding agreements with the U.S. Department of Commerce. The amended agreement with Micron Idaho Semiconductor Manufacturing added a second Boise, Idaho fab as a separate project under the existing award; the amended agreement with Micron New York Semiconductor continues to support construction of two fabs in Clay, New York (part of a previously announced plan for up to four fabs there over 20-plus years). Combined CHIPS Act grants to the Idaho and New York projects remained $6.1 billion, unchanged from the amount announced in December 2024. Separately, a new direct funding agreement awarded Micron Virginia Semiconductor Manufacturing up to $275 million for expansion and modernization of the company's existing Manassas, Virginia fab. Together with a related $65 million workforce-development grant, total CHIPS Act grants across the three states reached up to $6.44 billion. Micron also amended its guarantee and equity-contribution agreement with the Department of Commerce covering these subsidiaries' obligations.

Note on scope

No 8-K in the reviewed filing history announces an acquisition or divestiture, a restructuring/impairment charge, a going-concern issue, or a debt covenant matter. However, a material acquisition did close within the period covered here, disclosed not in an 8-K but in the Form 10-Q for the quarter ended May 28, 2026 (accession 0000723125-26-000015, Note 7 and Item 2 MD&A): in March 2026, Micron completed the acquisition of a wafer fabrication facility in Tongluo, Miaoli County, Taiwan, from Powerchip Semiconductor Manufacturing Corporation, for total cash consideration of $1.8 billion.

The same Form 10-Q (accession 0000723125-26-000015, Item 2 MD&A) also discloses the largest capital-structure development of the period: in connection with the strategic customer agreements referenced qualitatively in the Q3 FY2026 earnings release, Micron expects to receive cash deposits and related financial commitments of $22 billion for agreements concluded to date, of which approximately $18 billion is expected to take the form of cash deposits. Neither figure appears in any 8-K reviewed.