Micron FY2026: revenue $133.19B, net income $84.97B
Micron closed fiscal 2026 with $133.19 billion of revenue and $84.97 billion of net income, then guided FQ1-27 revenue to $61.5 billion. The year was transformed by AI-driven memory demand: full-year gross margin reached 80.7%, and Q4 gross margin was 86.8%. Read the revenue, EPS and guidance notes first; then use the cash-flow and balance-sheet notes to judge how much of the profit is turning into cash.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $74.33 for fiscal 2026, and non-GAAP diluted EPS was $75.52; Q4 GAAP EPS was $32.87. The gap between GAAP and non-GAAP is small—$1.19 per share for the full year—so the profit figure is not dependent on aggressive add-backs.
Fiscal 2026 revenue was $133.19 billion, compared with $37.38 billion in fiscal 2025. The annual figure includes a Q4 with $54.23 billion of revenue, up from $41.46 billion in Q3 and $11.32 billion in the year-earlier quarter. The step-up is visible in every quarter of the year, so this is not a one-quarter anomaly.
For FQ1-27, Micron guides revenue of $61.5 billion ± $1.5 billion and GAAP EPS of $37.84 ± $1.00, with non-GAAP EPS at $38.15 ± $1.00. Gross margin is guided to about 85.95% GAAP and 86.25% non-GAAP, essentially holding the Q4 level. That is a strong guide, but the $61.5 billion midpoint is below the $63.79 billion consensus next-quarter revenue estimate.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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