Micron Q4 Revenue Hits $54.23B; DRAM ASPs Surge 140% YoY
MU has more than doubled off its 52-week low of $179.61.
Summary
Micron's fiscal Q4 revenue of $54.23B beat the $51.07B consensus, with adjusted EPS of $33.42. DRAM average selling prices jumped 140% year-over-year on 30% higher volumes, driving record profitability. Q1 FY2027 guidance calls for $60–$63B revenue and $37.15–$39.15 adjusted EPS, with gross margin around 86.25%. Over 75% of fiscal 2027 shipments are already committed, and customer allocation talks extend into fiscal 2028 and beyond 2030, giving multi-year demand visibility. The company also announced a $600M Netlist patent settlement paid in $30M quarterly installments, a five-year global license, and purchase of 10M Netlist shares. Separately, the Taoyuan plant union voted 99% to authorize a strike over bonus demands, though no strike date or production halt has been reported. Michael Burry shifted to longer-dated 2027 put options, and analyst price targets range $1,500–$2,100.
At the time of this announcement, MU was trading at $1,092.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2T. The 52-week trading range was $179.61 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.