Q4 results exceeded the prior company revenue range
Revenue exceeded the previous $49–$51 billion company guidance range. That comparison is against Micron’s own outlook, not analyst consensus. GAAP net income was $37.701 billion and GAAP gross margin was 86.8%.
The quarter contained 14 weeks in a 53-week fiscal year. Revenue comparisons with a standard 13-week quarter should account for the longer period.
MU / FY2026
Revenue through Q4 and FY2027 Q1 guidance
Four reported quarters, Q4 business revenue and the new company outlook.
Reported quarterly revenue
USD billions · Micron fiscal quarters
- Q1 FY2026
- $13.64B
- Q2 FY2026
- $23.86B
- Q3 FY2026
- $41.456B
- Q4 FY2026
- $54.229B
Q1 FY2026
Q2 FY2026
Q3 FY2026
Q4 FY2026
Q4 actuals versus FY2027 Q1 guidance
Solid markers show Q4 results. Stripes show next-quarter company guidance; gross margin is an approximate point estimate.
- Revenue
- $54.229B$60B–$63B
- GAAP gross margin
- 86.8%≈85.95%
- GAAP diluted EPS
- $32.87$36.84–$38.84
Q4 revenue by business unit
Business revenue totals $54.223B; the $0.006B difference from consolidated revenue is not allocated here.
- Cloud Memory
- $16.283B
- Core Data Center
- $18.002B
- Mobile & Client
- $13.114B
- Automotive & Embedded
- $6.824B
Cloud Memory
$16.283B
Core Data Center
$18.002B
Mobile & Client
$13.114B
Automotive & Embedded
$6.824B
Cloud Memory and Core Data Center account for about 63.2% of Q4 revenue.
Source: Micron FY2026 Q4 results. FY2027 Q1 figures are company guidance, not actuals or consensus.
Next quarter: $60–$63 billion company revenue guidance
For FY2027 Q1, Micron guides to revenue of $61.5 billion, plus or minus $1.5 billion; approximately 85.95% GAAP gross margin; and GAAP diluted EPS of $37.84, plus or minus $1.00. These are forecasts, not results.
Cloud Memory and Core Data Center generated $34.285 billion combined, about 63.2% of Q4 revenue. The next report will test how that business mix and demand translate into the new guidance.
Official Micron sources
Three comparisons after the release
01
Q4 revenue: $54.229B
Above the prior company range of $49–$51 billion.
02
GAAP versus non-GAAP EPS
Q4 diluted EPS was $32.87 on a GAAP basis and $33.42 on a non-GAAP basis.
03
FY2027 Q1 outlook
Revenue guidance is $60–$63 billion; it is not analyst consensus or a reported result.
Micron results FAQ
Has Micron reported FY2026 Q4?
Yes. Results were released September 30, 2026. The call was scheduled for 4:30 PM ET.
What is the next-quarter revenue outlook?
Micron’s FY2027 Q1 company guidance is $61.5 billion ± $1.5 billion, or $60–$63 billion.
Which EPS basis does the chart use?
The chart compares GAAP diluted EPS: Q4 actual $32.87 and Q1 guidance $36.84–$38.84. Non-GAAP Q4 EPS was $33.42.