Micron Q4 revenue rises beats analyst estimates as demand for memory in AI increases
Overview
US memory chipmaker's fiscal Q4 revenue surged, beating analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Company reported record quarterly results driven by strong demand across business units
Outlook
Micron sees Q1 2027 revenue at $61.5 bln ± $1.5 bln
Company expects Q1 2027 non-GAAP diluted EPS of $38.15 ± $1.00
Micron projects Q1 2027 non-GAAP gross margin of approximately 86.25%
Result Drivers
AI DEMAND - Co said growth was driven by increased demand for memory in AI and compute-intensive applications
PRODUCT QUALIFICATIONS - Co completed multiple customer qualifications for new high-speed server memory modules
DESIGN WINS - Co secured design wins with every Tier 1 OEM customer for AI workstation product
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $54.23 bln | $51.07 bln (30 Analysts) |
Q4 Adjusted EPS | Beat | $33.42 | $31.61 (30 Analysts) |
Q4 EPS | $32.87 | ||
Q4 Adjusted Net Income | $38.40 bln | ||
Q4 Net Income | $37.70 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 46 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Micron Technology, Inc. is $1,510.00, about 41.8% above its September 29 closing price of $1,065.08
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 11 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)