Industry Newsdramnandmicroncapital expenditure
Micron Reports Record Revenue, Raises Capex Guidance
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Micron Technology reported record Q2 FY26 revenue, rising 196% year-over-year and beating consensus midpoint by about 24%, while shares fell on increased capex guidance. Management set FY26 capex at $25 billion and plans roughly $10 billion in construction spending in FY27 amid unprecedented NAND and DRAM supply constraints and 5–7× year-over-year price appreciation. Investors flagged capital-efficiency concerns.
Scoring Rationale
Strong official earnings and sizable capex guidance drive impact; limited broader novelty beyond Micron's company-specific financials.
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