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美光科技Micron Technology Inc.(MU)2026财年第二季度业绩报告「NYSE」(英文版)(45页).pdf

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1、FinancialresultsFQ2 2026March 18,20262Safe harbor statementDuring the course of this meeting,we may make projections or other forward-looking statements regarding market demand and supply,including drivers and timelines,pricing trends and drivers,the impact of AI on our industry and our business,our

2、 customers,our manufacturing projects,research and development efforts and related investments,expected timing of production at our facilities,our market position,expected product releases,capabilities of our future products and technologies,and future financial and operating performance,including f

3、inancial projections of the company and the industry.We wish to caution you that such statements are predictions,and that actual events or results may differ materially.We refer you to the documents the company files from time to time with the Securities and Exchange Commission,including the company

4、s Form 10-K,Forms 10-Q,and other reports and filings.These documents contain and identify important factors that could cause the actual results for the company to differ materially from those contained in our projections or forward-looking statements.These certain factors can be found at we believe

5、that the expectations reflected in the forward-looking statements are reasonable,we cannot guarantee future results,levels of activity,performance,or achievements.We are under no duty to update any of the forward-looking statements to conform these statements except as required by applicable law.Thi

6、s presentation includes non-GAAP financial measures.Non-GAAP financial measures represent GAAP measures,excluding the impact of certain activities,which management excludes in analyzing our operating results and understanding trends in our earnings,adjusted free cash flow,and business outlook.Furthe

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1. **业绩创新高**:FQ2营收239亿美元(环比+75%,同比+196%),DRAM、NAND、HBM业务均创纪录,Q3指引超公司历史全年营收。 2. **AI驱动需求**:AI推动内存需求,数据中心比特占比2026年将超50%,HBM4已量产,HBM4E 2027年放量。 3. **技术领先**:1γ DRAM和G9 NAND节点2026年中期成主流,EUV技术升级,客户质量评分多数第一。 4. **供应扩张**:2026年资本支出超250亿美元,新增美国、新加坡、日本工厂,印度封装厂投产。 5. **财务强劲**:毛利率74.9%,运营利润69%,调整后自由现金流69亿美元,季度股息增30%。
**AI如何驱动增长?** **内存需求激增原因?** **美光技术突破在哪?**
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