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Tech Companies Report Strong Q4 and Fiscal Year 2026 Financial Results

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Tech Giants Surge on AI Demand: Micron, AMD, and NVIDIA Report Record Results

Strong demand for AI hardware and software drove record revenue and profits across the semiconductor industry, with all three companies reporting exceptional financial performance.

Micron Technology: Fiscal Q2 2026 Results (Ended February 26, 2026)

Micron Technology reported record financial results for the second quarter of its fiscal year 2026.

Financial Highlights

Metric Q2 2026 Prior Quarter Year Ago Revenue $23.86 billion $13.64 billion $8.05 billion GAAP Net Income $13.79 billion ($12.07 per diluted share) — — Non-GAAP Net Income $14.02 billion ($12.20 per diluted share) — — Operating Cash Flow $11.90 billion $8.41 billion $3.94 billion Net Capital Expenditures $5.0 billion — — Adjusted Free Cash Flow $6.9 billion — —

Balance Sheet & Dividend

  • The company ended the quarter with $16.7 billion in cash, marketable investments, and restricted cash.
  • A quarterly dividend of $0.15 per share was declared, payable on April 15, 2026.
  • The board has approved a 30% increase in the quarterly dividend.

Outlook for Fiscal Q3 2026 (Non-GAAP)

  • Revenue: Approximately $33.5 billion (plus or minus $750 million)
  • Gross Margin: Approximately 81%
  • Operating Expenses: Approximately $1.40 billion
  • Diluted EPS: $19.15 (plus or minus $0.40)

"We achieved record revenue, gross margin, EPS, and free cash flow in fiscal Q2, driven by strong demand, tight industry supply, and effective execution." — Sanjay Mehrotra, Chairman, President, and CEO

AMD: Q1 2026 Financial Results (Ended March 28, 2026)

AMD reported financial results for the first quarter of calendar year 2026.

Financial Highlights

  • Revenue: $10.3 billion, a 38% increase year-over-year
  • GAAP Gross Margin: 53%, up 3 percentage points year-over-year
  • GAAP Operating Income: $1.5 billion, up 83% year-over-year
  • GAAP Net Income: $1.4 billion, up 95% year-over-year
  • GAAP Diluted EPS: $0.84, up 91% year-over-year
  • Non-GAAP Diluted EPS: $1.37
  • Free Cash Flow: $2.566 billion (record quarterly)

Segment Performance

Segment Revenue Year-over-Year Change Data Center $5.8 billion +57% (driven by EPYC processors & Instinct GPU shipments) Client and Gaming $3.6 billion +23% (Client +26%, Gaming +11%) Embedded $873 million +6%

Balance Sheet

Cash, cash equivalents, and short-term investments totaled $12.347 billion as of March 28, 2026.

Outlook for Q2 2026

  • Revenue: Approximately $11.2 billion (plus or minus $300 million), representing year-over-year growth of ~46% and sequential growth of ~9%
  • Non-GAAP Gross Margin: Approximately 56%

"We delivered a strong first quarter driven by accelerating demand for AI infrastructure, with Data Center as the primary growth driver." — Dr. Lisa Su, CEO

NVIDIA: Q4 and Full Fiscal Year 2026 Results (Year Ended January 25, 2026)

NVIDIA reported record financial results for the fourth quarter and full fiscal year.

Q4 Fiscal 2026 Highlights

  • Revenue: $68.1 billion, a 20% increase from the previous quarter and a 73% increase year-over-year
  • GAAP Gross Margin: 75.0%
  • Non-GAAP Gross Margin: 75.2%
  • GAAP Diluted EPS: $1.76
  • Non-GAAP Diluted EPS: $1.62

Full Fiscal Year 2026 Highlights

Metric FY 2026 Change Revenue $215.9 billion +65% from prior year GAAP Gross Margin 71.1% — Non-GAAP Gross Margin 71.3% — GAAP Diluted EPS $4.90 — Non-GAAP Diluted EPS $4.77 —

Capital Returns

During fiscal 2026, NVIDIA returned $41.1 billion to shareholders through share repurchases and cash dividends. A quarterly cash dividend of $0.01 per share will be paid on April 1, 2026.

Segment Performance

Segment Q4 Revenue YoY Change Full-Year Revenue Data Center $62.3 billion +75% $193.7 billion Gaming and AI PC $3.7 billion +47% (down 13% QoQ) $16.0 billion (record) Professional Visualization $1.3 billion +159% $3.2 billion Automotive & Robotics $604 million +6% $2.3 billion (record)

Data Center Highlights:

  • Announced the NVIDIA Rubin platform
  • Formed a multiyear strategic partnership with Meta
  • Expanded partnerships with AWS, Anthropic, CoreWeave, Synopsys, and Lilly

Outlook for Q1 Fiscal 2027

  • Revenue: Projected at $78.0 billion (plus or minus 2%)
  • GAAP Gross Margin: Approximately 74.9%
  • Non-GAAP Gross Margin: Approximately 75.0%

Note: The revenue outlook does not include Data Center compute revenue from China. Beginning in Q1 FY27, stock-based compensation expense will be included in non-GAAP financial measures.

"Computing demand is growing exponentially, and the agentic AI inflection point has arrived. We see enterprise adoption of agents and customer investments in AI compute." — Jensen Huang, Founder and CEO

Summary: Across all three companies, Data Center revenue was the primary growth engine, fueled by insatiable demand for AI training and inference hardware. Micron, AMD, and NVIDIA all provided strong forward guidance, signaling that the AI boom shows no signs of slowing.