Micron Blows Past Revenue Estimates, Plans Massive Spending Spree
Micron's Q2 revenue nearly tripled year-over-year to $23.9B, but the company warns it needs to spend big to keep up with demand.
Micron Technology just posted a monster quarter. Q2 revenue hit $23.9 billion — up 196% year-over-year and well above the $19.7 billion estimate. The memory chip giant isn't slowing down either, forecasting Q3 revenue above expectations.
But here's the catch: feeding that growth is going to cost serious money. Micron now expects 2026 capital expenditures to exceed $25 billion, blowing past the $22.4 billion estimate. The company says it needs heavy production investment to meet surging demand.
The spending warning took some shine off the earnings beat. Micron is essentially telling investors that booming revenue comes with booming costs — at least for now. The demand picture remains strong, but the company is clearly in full-on build mode to keep pace.