Micron Stock After a $54.2 Billion Quarter and a $61.5…
By Tobi Opeyemi Amure
AI summary of the source article
Micron Technology reported fiscal fourth-quarter 2026 revenue of $54.23 billion, up 379% year-over-year, and non-GAAP EPS of $33.42, surpassing analyst expectations. The company guided fiscal Q1 2027 revenue to approximately $61.5 billion and non-GAAP EPS to $38.15, also ahead of estimates. However, pre-market share movement remained flat to slightly negative as fiscal Q1 non-GAAP gross margin guidance of about 86.25% dipped below the 87.0% recorded in Q4. Data center operations contributed roughly 63% of quarterly revenue, supported by strong AI demand.
Why it matters
Investors view memory gross margins as an indicator of cycle pricing, with flat-to-lower guidance signaling that volume rather than pricing is driving revenue expansion.
Key facts
- Fiscal Q4 2026 revenue reached $54.23 billion, up 379% year-over-year, beating consensus of $51.07 billion.
- Data center units, Cloud Memory and Core Data Center, generated $34.28 billion, accounting for approximately 63% of revenue.
- Fiscal Q1 2027 non-GAAP gross margin guidance dipped to about 86.25% from 87.0% in Q4.