Media Relations satyakumar@micron.com mplungy@micron.com (408) 450-6199 (408) 203-2910 MICRON TECHNOLOGY, INC. REPORTS RECORD FISCAL
FOURTH-QUARTER AND FULL-YEAR 2026 RESULTS
AI-driven demand and strong operational execution position Micron for a record fiscal 2027 BOISE, Idaho, September 30, 2026 – Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2026, which ended September 3, 2026.
Fiscal Q4 2026 Highlights
• Revenue of $54.23 billion versus $41.46 billion for the prior quarter and $11.32 billion for the same period last year
• GAAP net income of $37.70 billion, or $32.87 per diluted share
• Non-GAAP net income of $38.40 billion, or $33.42 per diluted share
• Operating cash flow of $43.97 billion versus $25.39 billion for the prior quarter and $5.73 billion for the same period last year
Fiscal 2026 Highlights
• Revenue of $133.19 billion versus $37.38 billion for the prior year
• GAAP net income of $84.97 billion, or $74.33 per diluted share
• Non-GAAP net income of $86.76 billion, or $75.52 per diluted share
• Operating cash flow of $89.68 billion versus $17.53 billion for the prior year “Micron delivered record fiscal 2026 results, and we expect an even stronger fiscal 2027,” said Sanjay Mehrotra, Chairman and CEO of Micron Technology. “AI is becoming Super Intelligence (SI), and memory enhances this intelligence and the competitiveness of our customers’ platforms. We are increasing our investments in technology, products and manufacturing to help drive SI forward with our customers, and our Strategic Customer Agreements provide added confidence in the durability of Micron’s financial performance.”
Quarterly Financial Results (in millions, except per share amounts)
GAAP (1)
Percent of revenue 74.6 26.1 76.0 29.0
Net income 84,969 8,539 86,758 9,470
Diluted earnings per share 74.33 7.59 75.52 8.29 Investments in capital expenditures, net (2) were $10.77 billion for the fourth quarter of 2026 and $27.37 billion for the full year of 2026. Adjusted free cash flow (2) was $33.20 billion for the fourth quarter of 2026 and $62.31 billion for the full year of 2026. Micron ended the year with cash, marketable investments, and restricted cash of $73.48 billion. On September 30, 2026, Micron’s Board of Directors declared a quarterly dividend of $0.15 per share, payable in cash on October 29, 2026, to shareholders of record as of the close of business on October 14, 2026.
Quarterly Business Unit Financial Results
FQ4-26
Gross margin
Operating margin
Business Outlook The following table presents Micron’s guidance for the first quarter of 2027:
FQ1-27
GAAP (1) Outlook
Non-GAAP (2) Outlook
Revenue $61.5 billion ± $1.5 billion $61.5 billion ± $1.5 billion
Gross margin Approximately 85.95% Approximately 86.25%
Operating expenses Approximately $2.31 billion Approximately $2.06 billion
Diluted earnings per share $37.84 ± $1.00 $38.15 ± $1.00 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com .
Product Highlights
• We began sampling the industry's first 512GB ultra dense high-capacity DDR5 RDIMM modules capable of speeds up to 9,200 MT/s.
Filing figures are from this filing. Earlier figures are from past filings.