MU · News · 20260922N
Guidance and Outlook
MICRON TECHNOLOGY INC · 2026-09-22 · Importance 70 · Surprise 40 · Contradicted
Analysts expect Micron to report fiscal Q4 revenue of approximately $50.62 billion and earnings of $31.30 per share on September 30, 2026. One preview cites Q4 revenue guidance of approximately $50 billion, including an extra week, implying underlying sequential growth closer to 12% rather than 21%. Analysts are focused on forward guidance, HBM demand, pricing, and margins because expectations are already elevated.
Key facts
- An article states Micron's Q4 revenue guidance of $50B includes an extra week, so true sequential growth is closer to 12%, not 21%. source
- Analysts are projecting Micron will announce Q4 earnings of $31.30 per share and Q4 revenue of $50.62 billion on September 30. source
- An article projects Micron will report nearly a 10-fold increase in EPS for its fiscal fourth quarter, with analysts expecting $31.43 per share compared to $3.03 a year ago. source
- Micron stock rose more than 6% on Tuesday as investors positioned ahead of its Sept. 30 earnings report. source
- One article said Micron's stock trades at roughly 7.3 times forward earnings. source
- A report said Micron's share price has surged while its forward P/E has fallen toward 6.7x. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | contingent | +18.3% | Analysts are projecting Micron will announce Q4 earnings of $31.30 per share and Q4 revenue of $50.62 billion on September 30. |
| revenue | positive | probable | — | An article states Micron's Q4 revenue guidance of $50B includes an extra week, so true sequential growth is closer to 12%, not 21%. |
| net_income | positive | contingent | — | Analysts are projecting Micron will announce Q4 earnings of $31.30 per share and Q4 revenue of $50.62 billion on September 30. |