MU posted adjusted earnings of $33.42 per diluted share, beating the $31.16 analyst consensus. Revenue came in at $54.23 billion, above the $50.45 billion estimate.
Fourth quarter adjusted gross margin improved to 87.0% from 84.9% in the prior quarter. Adjusted operating income rose to $44.64 billion from $33.68 billion, and adjusted net income climbed to $38.40 billion from $28.86 billion.
MU also guided first-quarter results above expectations. The company sees first-quarter fiscal 2027 revenue of $61.5 billion, plus or minus $1.5 billion, versus the $56.77 billion consensus. Adjusted EPS is expected at $38.15, plus or minus $1.00, also ahead of the $36.02 analyst estimate.
The outlook points to continued strength in AI-related demand.
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