Micron Beats Q4 Earnings and Revenue Estimates on Global Memory Shortage
Key Facts
Micron Technology reported revenue of $54 billion for the fiscal fourth quarter, representing a fourfold increase. This performance was driven by an 11-fold surge in data center sales and robust demand for High-Bandwidth Memory (HBM).
The stock MU was trading at $1071.77 on September 30, 2026, after reaching a session high of $1083.5. These financial results highlight the company's success in leveraging the global memory shortage to exceed analyst expectations.
Latest Updates · 6
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Update: Wedbush set a new price target of $1,400 for MU stock on October 1, 2026. This follows official company guidance projecting revenue of $61.5 billion for the first fiscal quarter of 2027.
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Update: Micron issued an upbeat forecast for the current quarter on October 1, 2026, citing strong AI-related demand. However, the company warned that rising compensation costs are expected to weigh on its profit margins moving forward.
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Update: Micron's earnings beat triggered a rally in Japanese semiconductor stocks on October 1, 2026. This movement followed the company's strong revenue growth report, boosting optimism regarding global demand across the sector.
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Update: Micron clarified its precise fiscal fourth-quarter revenue at $54.23 billion and issued optimistic guidance of $61.5 billion for the next quarter. This forward-looking outlook comes as MU was trading at $1071.77 on September 30, 2026.
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Update: Micron issued strong fiscal Q1 guidance, forecasting adjusted EPS at $38.15, which exceeds analyst estimates of $35.40. This positive outlook comes despite anticipated pressure on the company's operating margins in the upcoming period.
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Update: A surge in AI data center revenue was a primary driver behind the financial beat. Reports indicated that rising demand for artificial intelligence technologies bolstered the company's high-end memory chip sales during the period.