Micron Technology Inc.: Beat — EPS $33.42, Revenue $54.23B
Earnings Report· 2026-09-30
MU
Q4 · 2026After-MarketMicron Technology Inc.
@trystockwhiz
EARNING PER SHARE
Actual ($)
33.42
1002.90% YoY
Expected
31.82
Beat
+5.03%
REVENUE
Actual ($)
54.23B
379.30% YoY
Expected
51.51B
Beat
+5.28%
Earning Report
| Metric | FQ4-26 | FQ4-25 | YoY Change % |
|---|---|---|---|
| Revenue | $54.23B | $11.31B | +379.4% |
| └─Cloud Memory Business Unit Revenue | $16.28B | $4.54B | +258.4% |
| └─Core Data Center Business Unit Revenue | $18.00B | $1.58B | +1041.5% |
| └─Mobile and Client Business Unit Revenue | $13.11B | $3.76B | +248.8% |
| └─Automotive and Embedded Business Unit Revenue | $6.82B | $1.43B | +375.9% |
| GAAP Net income | $37.70B | $3.20B | +1077.8% |
| Non-GAAP Net income | $38.40B | $3.47B | +1006.9% |
| GAAP Basic EPS | $33.36 | $2.86 | +1066.4% |
| GAAP Diluted EPS | $32.87 | $2.83 | +1061.5% |
| Non-GAAP Diluted EPS | $33.42 | $3.03 | +1003.0% |
Financial Outlook / Guidance
| Metric | FQ1-27 Outlook | Full Year Outlook |
|---|---|---|
| Revenue | $61.5 billion ± $1.5 billion | — |
| GAAP Gross margin | Approximately 85.95% | — |
| Non-GAAP Gross margin | Approximately 86.25% | — |
| GAAP Operating expenses | Approximately $2.31 billion | — |
| Non-GAAP Operating expenses | Approximately $2.06 billion | — |
| GAAP Diluted earnings per share | $37.84 ± $1.00 | — |
| Non-GAAP Diluted earnings per share | $38.15 ± $1.00 | — |
Business Highlights
- ➤Began sampling 512GB ultra-dense DDR5 RDIMM modules reaching speeds up to 9,200 MT/s.
- ➤Completed multiple customer qualifications for 1-gamma 8,800 MT/s server RDIMM modules.
- ➤Server LPDDR SOCAMM portfolio revenue more than doubled sequentially.
- ➤7600 PCIe Gen 5 and 9650 PCIe Gen 6 SSDs began shipping to market-leading KV-cache customers.
- ➤6600 ION SSD achieved a strong volume ramp.
- ➤Began shipping 6-channel 1-gamma LPDDR5X for flagship mobile devices.
- ➤Secured AI workstation design wins with every Tier 1 OEM customer.
- ➤4600 SSD secured additional qualifications with leading PC OEMs.
- ➤Began sampling 1-gamma LPDDR6 products to multiple physical AI markets.
- ➤Board declared a quarterly cash dividend of $0.15 per share.
Management Commentary
Sanjay Mehrotra, Chairman and CEO of Micron Technology
“Micron delivered record fiscal 2026 results, and we expect an even stronger fiscal 2027.”
Sanjay Mehrotra, Chairman and CEO of Micron Technology
“AI is becoming Super Intelligence (SI), and memory enhances this intelligence and the competitiveness of our customers’ platforms. We are increasing our investments in technology, products and manufacturing to help drive SI forward with our customers, and our Strategic Customer Agreements provide added confidence in the durability of Micron’s financial performance.”