Micron’s Q4 earnings report: no sharp surge or crash; it dipped down slightly with a quick needle-like move and then bounced back to 1070.
$MUB 2026 fiscal year Q4 earnings highlights
Revenue: $54.23 billion (vs. estimate of $51.07 billion); up 379% year over year
Adjusted EPS: $33.42 (vs. estimate of $31.61)
Adjusted gross margin: 87.0% (vs. estimate of 86.1%)

2027 fiscal year Q1 guidance:
Revenue: $61.5 billion ± $1.5 billion (vs. estimate of $57.02 billion)
Adjusted EPS: $38.15 ± $1.00 (vs. estimate of $35.40)
Adjusted gross margin: ~86.25% (vs. estimate of 86.4%)

Capital expenditures and cash flow:
Operating cash flow: $43.97 billion (vs. estimate of $34.47 billion)

Revenue by business segment:
Cloud Memory: $16.28 billion
Core Data Center: $18.00 billion
Mobile and Client: $13.11 billion
Automotive and Embedded: $6.82 billion

Other key metrics for Q4:
Adjusted operating profit: $44.64 billion (vs. estimate of $42.41 billion)
Adjusted net profit: $38.40 billion (vs. estimate of $36.31 billion)
GAAP EPS: $32.87

Key update:
Quarterly dividend per share: $0.15
Management commentary:
“Micron delivered record performance in fiscal 2026, and we expect even stronger results in fiscal 2027.”