Micron Technology Earnings Preview: AI Demand Puts Margins in the Spotlight
DailyFX Real Time News 2026-09-29 13:18:02
Context: Micron Technology is set to report its fiscal fourth-quarter results on September 30, with investors closely watching the memory-chip maker's performance amid the artificial intelligence boom. The company's earnings outlook has been transformed by the surge in AI infrastructure spending, particularly in high-bandwidth memory (HBM) used in data centers. Investors will be looking for updates on HBM demand, memory pricing, margins, and the company's fiscal 2027 outlook.
Key Facts
- Micron Technology reports its fiscal fourth-quarter results on September 30, with revenue guidance of $50bn, plus or minus $1bn, and non-GAAP gross margin of around 86%.
- The company's Q3 revenue jumped to $41.46bn, with non-GAAP EPS reaching $25.11 and operating cash flow surging to $25.39bn.
- Analysts expect Q4 revenue to rise to $51.07bn, pre-tax profit to $42.45bn, and EPS to $31.61, all over 100% higher than in Q4 2025.
- Micron's Cloud Memory Business Unit generated $13.77bn of revenue in Q3, up sharply from $7.75bn in Q2, with Core Data Center revenue more than doubling sequentially to $11.52bn.