MU · 8-K · 20260930PR000018
Guidance and Outlook
MICRON TECHNOLOGY INC · 2026-09-30 · Importance 85 · Surprise 76 · Contradicted
Micron guided fiscal Q1 2027 revenue to approximately $61.5 billion, with a plus-or-minus $1.5 billion range. GAAP gross margin is expected to be approximately 85.95%, while non-GAAP gross margin is expected to be approximately 86.25%. GAAP operating expenses are expected to be approximately $2.31 billion, compared with non-GAAP operating expenses of approximately $2.06 billion. GAAP diluted EPS guidance is $37.84 plus or minus $1.00, while non-GAAP diluted EPS guidance is $38.15 plus or minus $1.00.
Key facts
- FQ1-27 revenue guidance: $61.5 billion ± $1.5 billion (GAAP and Non-GAAP). source
- FQ1-27 GAAP gross margin outlook: Approximately 85.95%; Non-GAAP gross margin outlook: Approximately 86.25%. source
- FQ1-27 diluted earnings per share guidance: GAAP $37.84 ± $1.00; Non-GAAP $38.15 ± $1.00 based on approximately 1.15 billion diluted shares. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +126.1% | FQ1-27 revenue guidance: $61.5 billion ± $1.5 billion (GAAP and Non-GAAP). |
| net_income | positive | committed | +89.2% | FQ1-27 diluted earnings per share guidance: GAAP $37.84 ± $1.00; Non-GAAP $38.15 ± $1.00 based on approximately 1.15 billion diluted shares. |
| margin | unclear | committed | — | FQ1-27 GAAP gross margin outlook: Approximately 85.95%; Non-GAAP gross margin outlook: Approximately 86.25%. |