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
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