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Micron Forecasts 86% Q4 2026 Gross Margin on $50B Revenue

By Drooid · Sep 27, 2026, 6:09 PM UTC · How we work

Summary

Story summary

Micron Technology forecasts fiscal Q4 2026 gross margin around 86% on roughly $50 billion revenue.
CFO Mark Murphy says the outlook reflects a meaningful moderation in price-increase rate.
CEO Sanjay Mehrotra says three-to-five-year take-or-pay contracts set price floors above past peak margins.
Micron has signed 16 customer agreements with fixed pricing or price-floor/ceiling terms.
Analysts value Micron at about $1,070 per share, roughly seven times forward earnings.

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Story summary

Micron Technology forecasts fiscal Q4 2026 gross margin around 86% on roughly $50 billion revenue.
CFO Mark Murphy says the outlook reflects a meaningful moderation in price-increase rate.
CEO Sanjay Mehrotra says three-to-five-year take-or-pay contracts set price floors above past peak margins.
Micron has signed 16 customer agreements with fixed pricing or price-floor/ceiling terms.
Analysts value Micron at about $1,070 per share, roughly seven times forward earnings.