Micron Guides Q1 Revenue to $61.5B, Beating Estimates by 8%
MU has more than doubled off its 52-week low of $163.96.
Summary
Micron guided fiscal Q1 revenue to $61.5B ± $1.5B, well above the $57.02B consensus, an 8% beat at the midpoint driven by continued AI memory demand. The company reported fiscal Q4 revenue of $54.23B and guided Q1 diluted earnings per share to $37.84 ± $1.00. Strategic customer agreements provide added confidence in the durability of Micron's financial performance. Micron reported record FY26 results and sees stronger FY27, with NAND revenue skyrocketing 526% year-over-year in Q4. This follows a massive Q3 beat in July and $100B in long-term supply deals, confirming the AI memory boom is still accelerating. Watch for actual Q1 results to see if they can sustain this pace.
At the time of this announcement, MU was trading at $1,051.60 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $163.96 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.