MUUSDT
Perp
1,068.69
-0.42%
Micron Technology $MU reports its FY2026 Q4 earnings today, September 30, 2026. As AI hardware demand accelerates, key operational metrics outline the stock's multi-year outlook.
Core Q4 Metrics & Expectations
Gross Margin Target: Guided around 86.0% (up from 84.9% in Q3), fueled by premium HBM4 (High Bandwidth Memory) shipments and 1-gamma DRAM efficiency gains.
Revenue & Earnings Baseline: Consensus expects ~$50.97B in revenue (+350% YoY) and $31.52 EPS, hitting upper guidance bounds.
Key Insights & Market Dynamics
Memory Supercycle Runway: HBM manufacturing requires ~3x the silicon wafer space of standard DDR5 DRAM, restricting broad market supply and protecting long-term contract pricing into FY2027.