Overview

* Micron Technology Inc ( MU ) fiscal Q4 rev rises to $11.32 bln, beating analyst expectations

* Adjusted EPS for fiscal Q4 beats consensus, driven by AI data center growth

* Co forecasts $1.2 bln sequential revenue growth, gross margins over 50%

Outlook

* Micron forecasts Q1 2026 revenue of $12.5 bln ± $300 mln

* Company expects Q1 2026 gross margin of 51.5% ± 1.0%

* Micron projects Q1 2026 EPS of $3.75 ± $0.15

Result Drivers

* AI DATA CENTER GROWTH - Record fiscal Q4 revenue driven by significant growth in AI data center business

* GROSS MARGIN IMPROVEMENT - Non-GAAP gross margin increased to 45.7% from 39% in the previous qtr

* MOBILE AND CLIENT BUSINESS - Gross margin in this unit rose to 36% from 24% in prior qtr

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $11.32 $11.21

Revenue bln bln (21

Analysts

)

Q4 Beat $3.03 $2.86

Adjusted (21

EPS Analysts

)

Q4 EPS $2.83

Q4 Beat $3.47 $3.16

Adjusted bln bln (19

Net Analysts

Income )

Q4 Net $3.20

Income bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 35 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for Micron Technology Inc ( MU ) is $160.00, about 2.9% below its September 22 closing price of $164.62

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)