Bullish
Micron's Q4 2026 revenue surges 379% to $54.23 billion, exceeding expectations.
Micron Technology reported exceptional fiscal fourth-quarter results, with revenue increasing 379% year-over-year to $54.23 billion and adjusted earnings per share (EPS) of $33.42, surpassing analyst estimates. The company also provided a strong fiscal Q1 2027 outlook, anticipating revenue between $60 billion and $63 billion, driven by sustained AI-driven memory demand and constrained supply.
Key points
- Micron's Q4 2026 revenue of $54.23 billion and adjusted EPS of $33.42 significantly exceeded analyst expectations.
- The company forecasts fiscal Q1 2027 revenue between $60 billion and $63 billion, indicating strong demand for AI-related memory products.
- Despite strong financial performance, some institutional investors have reduced their holdings in Micron, with Coastline Trust Co. selling 1,024 shares, a 14.7% decrease.
- Analysts have raised price targets for Micron, with Deutsche Bank setting a $1,000 target, while Goldman Sachs increased its target to $1,250, reflecting confidence in the company's growth prospects.
Sources
AI-generated from public news sources. Not financial advice.
