Micron beats Q4 estimates, forecasts Q1 revenue above consensus on AI demand
Micron Technology reported fiscal 2026 Q4 revenue of $542.29 billion, beating estimates of $505.84 billion, and issued a stronger-than-expected Q1 forecast of $60-$63 billion in revenue, above the $56.77 billion consensus. CFO Mark Murphy said fiscal Q1 2027 will be the gross margin low point, with gradual recovery. AI demand drove the strong outlook. Shares rose less than 1% after-hours.
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Micron CFO Forecasts $61.5B Revenue for Fiscal Q1 2027, Gross Margins to Recover
In an earnings call on October 1, Micron Technology (MU.O) CFO Mark Murphy provided financial guidance for fiscal year 2027. He stated that revenue for the first fiscal quarter of 2027 will reach $61.5 billion, with earnings per share of $38.15, continuing a sequential upward trend. Murphy explicitly identified this quarter as the low point for gross margins in fiscal 2027, projecting a gradual recovery in gross margins in subsequent quarters. The forecast reflects the company's outlook on its operational performance and market conditions, though it remains subject to execution and market risks.
Micron Q4 Revenue Beats Estimates, AI Demand Drives Strong Forecast
Micron Technology reported fiscal 2026 Q4 revenue of $542.29 billion, surpassing the market estimate of $505.84 billion and significantly up from $113.15 billion a year earlier. The company also issued a stronger-than-expected current-quarter sales forecast, driven by surging demand from artificial intelligence. For the next fiscal first quarter, Micron projects revenue between $600 billion and $630 billion, above the analyst consensus of $568 billion. Adjusted earnings per share are expected to be around $38.15, beating the forecast of $36.02. Following the announcement, Micron's shares rose less than 1% in after-hours trading. Morgan Stanley analysts commented that near-term market conditions remain very strong with robust demand and visible price increases, but noted that the discussion has shifted from how good the outlook is to how long the favorable conditions will last.
Read sourceMicron Technology forecasts Q1 adjusted revenue of $60B-$63B, above $56.77B estimate
Micron Technology (MU.O) has provided its financial outlook for the first quarter of the next fiscal year, projecting adjusted revenue in the range of $60 billion to $63 billion. This forecast surpasses the market consensus estimate of $56.77 billion, indicating stronger-than-expected performance expectations from the memory chip manufacturer. The guidance reflects the company's optimistic view on demand for its products in the upcoming period.
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$MU prints in less than an hour. 3 numbers I expect them to beat. $51 Billion Revenue $31.60 EPS -> I see above $33.00 86% Gross Margins Guidance will be north of $57 Billion with
In a post on X, analyst Daniel Newman forecasts that Micron Technology (MU) will beat consensus estimates in its upcoming earnings report, expected within the hour. Newman predicts revenue of $51 billion, earnings per share (EPS) above $33.00 (versus consensus of $31.60), and gross margins of 86%. He also expects the company's guidance to be north of $57 billion in revenue with EPS above $36. The post reflects bullish sentiment ahead of the earnings release, though it is an individual analyst's opinion and not official company guidance.
Read sourceMicron Technology forecast to deliver $51 billion revenue, $31.60 EPS, 86% gross margins
In a post on X, analyst Daniel Newman forecasts that Micron Technology ($MU) will deliver approximately $51 billion in revenue, earnings per share of roughly $31.60, and gross margins of 86%. Newman expresses an opinion that the company will beat at least two of those three numbers, calling it a 'Monster. Quarter. Loading.' The post does not specify a time period for the forecast or provide supporting data, but presents a bullish outlook on the memory chip maker's upcoming financial performance.
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