Micron Technology (MU) quarter: Q1 year: 2025 Financial Results Summary
QuoteReporter
Micron Technology, Inc. (MU) Q4 2026: Record Revenue and Earnings — Strong Outlook Ahead
Micron Technology, Inc. (Nasdaq: MU) reported impressive results for its fiscal fourth quarter and full year 2026, showcasing significant growth compared to the previous year. Revenue for Q4 2026 reached $54.23 billion, a substantial increase of $42.91 billion or 379% year-over-year from $11.32 billion in Q4 2025. This performance reflects Micron's strong operational execution and growing demand driven by AI technologies.
Key Financial Metrics
- Q4 2026 Revenue: $54.23 billion (up from $11.32 billion YoY)
- GAAP Net Income: $37.70 billion, or $32.87 per diluted share
- Non-GAAP Net Income: $38.40 billion, or $33.42 per diluted share
- Operating Cash Flow: $43.97 billion (up from $5.73 billion YoY)
- Full Year 2026 Revenue: $133.19 billion (up from $37.38 billion YoY)
- GAAP Net Income: $84.97 billion, or $74.33 per diluted share
- Non-GAAP Net Income: $86.76 billion, or $75.52 per diluted share
- Operating Cash Flow: $89.68 billion (up from $17.53 billion YoY)
Analyst View
This quarter is undoubtedly a positive outcome for shareholders. The remarkable growth in revenue and net income indicates that Micron is effectively capitalizing on the increasing demand for memory solutions, particularly in AI and data-intensive applications. The company's ability to generate a GAAP net income of $37.70 billion in Q4 2026, compared to just $3.20 billion in Q4 2025, is a clear testament to its operational strength and market positioning.
Micron's strategic investments in technology and manufacturing are paying off, as evidenced by the significant increase in operating cash flow, which reached $43.97 billion in Q4 2026, compared to $5.73 billion in the same quarter last year. This robust cash generation provides the company with ample resources to continue its growth trajectory and invest in future innovations.
Dividend and Share Buyback
Micron's Board of Directors declared a quarterly dividend of $0.15 per share, payable on October 29, 2026, to shareholders of record as of October 14, 2026. This move reflects the company's commitment to returning value to its shareholders amidst its strong financial performance.
Guidance for Q1 2027
Looking ahead, Micron provided guidance for the first quarter of fiscal 2027, projecting revenue of $61.5 billion with a margin of approximately 85.95%. The company expects diluted earnings per share to be around $37.84, indicating continued strong performance in the upcoming quarter.
Forward Catalyst
Investors should closely monitor Micron's progress in the AI sector and its ability to maintain its competitive edge through innovation and strategic partnerships. The company's ongoing investments in high-capacity memory solutions and its recent product launches, such as the industry's first 512GB ultra-dense high-capacity DDR5 RDIMM modules, position it well for sustained growth. Additionally, updates on customer qualifications and design wins with Tier 1 OEMs for AI workstation products will be critical indicators of future performance.
In summary, Micron's Q4 2026 results not only highlight its current success but also set a strong foundation for future growth, making it an attractive investment for shareholders looking for exposure to the semiconductor and AI markets.
Note: The following tables are in millions.
| 4th Qtr. 2026 | 3rd Qtr. 2026 | 4th Qtr. 2025 | Year End 2026 | Year End 2025 |
|---|---|---|---|---|
| $54,200 | $41,400 | $11,300 | $133,000 | $37,000 |
| 7,182 | 6,400 | 6,261 | 25,600 | 22,000 |
| 47,000 | 35,000 | 5,054 | 107,000 | 14,000 |
| 1,913 | 1,316 | 1,047 | 5,650 | 3,700 |
| 859 | 407 | 314 | 1,947 | 1,200 |
| (in) | 524 | 15 | 39 | 567 |
| 43,700 | 33,300 | 3,654 | 99,300 | 9,700 |
| 575 | 215 | 146 | 1,084 | 496 |
| (inc) | -88 | -321 | -45 | -647 |
| 44,200 | 33,200 | 3,631 | 99,600 | 9,600 |
| $37,700 | $28,200 | $3,201 | $84,900 | $8,500 |
| $32.87 | $24.67 | $2.83 | $74.33 | $7.59 |
| 1,147 | 1,145 | 1,131 | 1,143 | 1,100 |
| September 3, 2026 | May 28, 2026 | August 28, 2025 |
|---|---|---|
| $38,364 | $24,995 | $9,642 |
| 5,070 | 1,027 | 665 |
| 36,197 | 31,025 | 9,265 |
| 10,372 | 8,567 | 8,355 |
| 1,067 | 1,123 | 914 |
| 91,070 | 66,737 | 28,841 |
| 30,019 | 4,106 | 1,629 |
| 63,310 | 56,426 | 46,590 |
| 1,150 | 1,150 | 1,150 |
| 10,339 | 5,693 | 4,588 |
| $195,888 | $134,112 | $82,798 |
| $22,605 | $15,521 | $9,649 |
| 491 | 582 | 560 |
| 4,386 | 3,385 | 1,245 |
| 27,482 | 19,488 | 11,454 |
| 4,688 | 5,140 | 14,017 |
| 786 | 1,020 | 1,018 |
| 12,895 | 568 | 142 |
| 11,659 | 7,172 | 2,002 |
| 57,510 | 33,388 | 28,633 |
| 128 | 128 | 127 |
| 14,974 | 14,442 | 13,339 |
| 131,851 | 94,682 | 48,583 |
| -8,502 | -8,502 | -7,852 |
| -73 | -26 | -32 |
| 138,378 | 100,724 | 54,165 |
| $195,888 | $134,112 | $82,798 |
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