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Micron CFO forecasts $61.5B revenue for fiscal Q1 2027, gross margins to bottom and recover
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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.
Source report
October 1 — Micron Technology (MU.O) Chief Financial Officer Mark Murphy stated during the company's earnings conference call that revenue for the first quarter of fiscal 2027 is projected to reach $61.5 billion, with earnings per share of $38.15, continuing to rise sequentially.
Murphy also explicitly noted that the first quarter of fiscal 2027 will represent the low point for gross margins for the full fiscal year, with gross margins expected to gradually improve in subsequent quarters.
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domesticNeutral / independent
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