Micron Q4 Revenue Soars 4x to $54.2B, Guides Q1 to $61.5B
MU has more than doubled off its 52-week low of $163.96.
Summary
Micron reported blowout Q4 FY2026 results with revenue of $54.23B, up 4x year-over-year, and EPS of $33.42, both beating estimates. Q1 FY2027 guidance of $61.5B revenue and $38.15 EPS also came in well above consensus. However, the company warned of a marginal gross margin decline due to increased worker pay, which caused shares to waver in extended trading. DRAM revenue surged 343% to $39.8B, now 73% of total sales, and Micron is the only US-based HBM manufacturer with a strong roadmap. The company is investing $250B in two new HBM campuses in New York and Idaho, coming online next year. This follows the massive Q3 beat in July and the $250B US investment announcement, reinforcing Micron's AI-driven growth story.
At the time of this announcement, MU was trading at $1,068.95 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: CNBC TV18.