MU · 8-K · 20260930PR000018
Gross Margin Drivers
MICRON TECHNOLOGY INC · 2026-09-30 · Importance 69 · Surprise 64 · No source text
GAAP gross margin was $47.047 billion, or 86.8% of revenue, in fiscal Q4 2026, compared with 84.6% in the prior quarter and 44.7% in the prior-year quarter. Fiscal 2026 GAAP gross margin was $107.504 billion, or 80.7% of revenue, versus $14.873 billion and 39.8% in fiscal 2025. Core Data Center and Mobile and Client each reported 90% gross margins in fiscal Q4 2026, up from 87% sequentially, while Automotive and Embedded increased to 84% from 79%. Cloud Memory gross margin remained 83% sequentially but increased from 59% year over year.
Key facts
- GAAP gross margin for FQ4-26: $47,047 million and percent of revenue 86.8%. source
- Non-GAAP gross margin for FQ4-26: $47,204 million and percent of revenue 87.0%. source
- GAAP gross margin for FY-26: $107,504 million and percent of revenue 80.7%. source
- Micron's consolidated cost of goods sold for FQ4-26: $7,182 million and gross margin for FQ4-26: $47,047 million (from consolidated statements). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| margin | positive | realized | — | GAAP gross margin for FQ4-26: $47,047 million and percent of revenue 86.8%. |
| margin | positive | realized | — | Non-GAAP gross margin for FQ4-26: $47,204 million and percent of revenue 87.0%. |
| margin | positive | realized | — | GAAP gross margin for FY-26: $107,504 million and percent of revenue 80.7%. |
| margin | positive | realized | — | Micron's consolidated cost of goods sold for FQ4-26: $7,182 million and gross margin for FQ4-26: $47,047 million (from consolidated… |