Memory chip maker Micron Q4 revenue beats estimates

Reuters09-24
Memory chip maker Micron Q4 revenue beats estimates

Overview

  • Micron Technology Inc 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/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$11.32 bln

$11.21 bln (21 Analysts)

Q4 Adjusted EPS

Beat

$3.03

$2.86 (21 Analysts)

Q4 EPS

$2.83

Q4 Adjusted Net Income

Beat

$3.47 bln

$3.16 bln (19 Analysts)

Q4 Net Income

$3.20 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 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: ID:nGNX9YtSxw

(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.)

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