Micron reports $54.229 billion in revenue for fiscal Q4 2026 and guides for $61.5 billion, plus or minus $1.5 billion, in fiscal Q1 2027 revenue. The company announces the results on September 30, 2026; its fiscal fourth quarter ended September 3.
Micron also reports diluted earnings per share (EPS) of $32.87 under GAAP and $33.42 on a non-GAAP basis. GAAP follows generally accepted accounting principles; non-GAAP is the company’s adjusted measure. Micron attributes its record results and outlook to AI-driven demand and operational execution.
Quarterly earnings and margins
Micron reports net income of $37.701 billion under GAAP and $38.398 billion on a non-GAAP basis for fiscal Q4. Gross margin—the share of revenue left after the cost of goods sold—is 86.8% under GAAP and 87.0% on a non-GAAP basis.
Core Data Center led business-unit revenue
Core Data Center reports the highest fiscal Q4 revenue, followed by Cloud Memory. The four units’ revenue and margins for the same quarter were:
| Business unit | Revenue ($ millions) | Gross margin | Operating margin |
| Core Data Center | $18,002 | 90% | 85% |
| Cloud Memory | $16,283 | 83% | 76% |
| Mobile and Client | $13,114 | 90% | 88% |
| Automotive and Embedded | $6,824 | 84% | 79% |
Fiscal 2026 revenue reached $133.188 billion
Micron reports full-year fiscal 2026 revenue of $133.188 billion, compared with $37.378 billion in fiscal 2025. The company reports year-over-year revenue growth of 256%.
Micron’s fiscal Q1 2027 outlook
For fiscal Q1 2027, Micron guides for revenue of $61.5 billion, plus or minus $1.5 billion. Its diluted EPS outlook is $37.84, plus or minus $1.00, under GAAP and $38.15, plus or minus $1.00, on a non-GAAP basis. Micron’s gross-margin outlook is approximately 85.95% under GAAP and 86.25% on a non-GAAP basis.
