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10-03 08:12
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Memory giant Micron Technology reported its Q4 2026 earnings on Sept. 30, 2026, providing the latest insight into how the company is navigating a memory shortage caused by the AI boom.

Last quarter, the company bragged about its pricing power, flexing 84.9% margins and issuing guidance which blew through expectations. These are the top and bottom-line figures they reported in the quarter (compared with analyst estimates sourced from LSEG):

Revenue: $54.229 billion, +379.3% YoY (vs. $51.069 billion expected by LSEG analysts)

Earnings per share (adj): $33.42 / sh (vs. $31.61 expected)

In addition, the company issued guidance which validate that demand for memory and storage products is unlikely to abate as it kicks off its FY 2027:

Revenue: $61.5 billion ± $1.5 billion (vs. $57.024 billion expected)

Earnings per share (adjusted): $38.15 ± $1.00 (vs. $35.14)


From Leaders to Laggards — Are Memory Stocks Waiting on Micron?
Memory gave back Wednesday what it made Tuesday: SanDisk -3.73% to $1,816.57, SK Hynix -3.12% to $189.28, Micron -2.22% to $1,071.88. Rising yields hit high-multiple assets first, and memory had run hardest. The test is next week: Micron reports after the close on Sept 30 ET, with the quarter's revenue and gross margin, HBM4 shipments, order coverage and the 2027 outlook in focus. Bulls say price hikes and locked orders predate the print, so it only confirms them; bears say prices already assume a strong 2027 — one soft notch costs more than 3%. Would a strong print end the pullback?
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