Micron reports record 2026 results as Micron Technology stock sits 28.91 percent below its high

Published on 10/23/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal Q4 revenue hit USD 54.23 billion in fiscal 2026. Micron Technology stock costs EUR 783.35 on October 23, 2026, 0.62 percent below its Xetra close.

Fiscal results and forward guidance

Micron reported USD 54.23 billion in fiscal fourth-quarter revenue on September 30, 2026.
Fiscal first-quarter 2027 revenue guidance stands at USD 61.5 billion plus or minus USD 1.5 billion.
Micron Technology stock trades at EUR 783.35 at 11:13 a.m. CEST at Lang & Schwarz on October 23, 2026, 0.62 percent below the Xetra close of October 22, 2026.

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Micron Technology (ISIN US5951121038) reported record fiscal 2026 results on September 30, 2026, while its stock was trading at EUR 783.35 at Lang & Schwarz on October 23, 2026, 0.62 percent below the Xetra close of October 22, 2026. The company posted fiscal fourth-quarter revenue of USD 54.23 billion, up from USD 11.32 billion a year earlier, according to Micron Technology.

Record revenue resets the baseline

Fiscal fourth-quarter GAAP net income reached USD 37.70 billion, or USD 32.87 in diluted earnings per share, compared with USD 3.20 billion and USD 2.83 a year earlier. The quarter also produced USD 43.97 billion in operating cash flow, versus USD 5.73 billion in the prior-year quarter.

For the full fiscal year ended September 3, 2026, revenue reached USD 133.19 billion, compared with USD 37.38 billion in fiscal 2025. GAAP net income rose to USD 84.97 billion from USD 8.54 billion, while adjusted free cash flow reached USD 62.31 billion.

What does guidance imply for margins?

Micron guided for fiscal first-quarter 2027 revenue of USD 61.5 billion plus or minus USD 1.5 billion. Its outlook calls for a GAAP gross margin of 85.95 percent and GAAP diluted earnings per share of USD 37.84 plus or minus USD 1.00. The guidance keeps the central question on pricing power and the durability of artificial-intelligence memory demand.

Three milestones set the timeline

On September 30, 2026, Micron reported USD 54.23 billion in fiscal fourth-quarter revenue. On October 1, 2026, Rosenblatt raised its price target to USD 1,900 from USD 1,500, according to TheStreet. On October 22, 2026, Needham reaffirmed a Buy rating and a USD 1,650 target, as reported by MarketBeat.

Next dates bring another test

Micron declared a quarterly dividend of USD 0.15 per share on September 30, 2026, payable on October 29, 2026, according to Micron Technology. A further capital-return update is scheduled for December 9, 2026, according to TIKR.

Stock stays below its yearly high

The euro quote sits 28.91 percent below its 52-week high of EUR 1,102.60 and above its 52-week low of EUR 165.86. Micron has a market capitalization of EUR 889.4 billion as of October 23, 2026. The Nasdaq-listed semiconductor company is therefore being judged against both exceptional recent earnings and a demanding valuation backdrop.

Micron Technology was trading at EUR 783.35 at Lang & Schwarz on October 23, 2026 at 11:13 a.m. CEST, down 0.62 percent versus the Xetra close of October 22, 2026 at EUR 788.20. The further course of trading is shown by the continuously updated real-time quote of Micron Technology stock.