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Micron Forecasts $61.5B FY2027 Q1 Revenue, Beating Estimates

By Drooid · Oct 1, 2026, 2:09 AM UTC · How we work

Summary

Story summary

Micron Technology forecast FY2027 Q1 revenue $61.5 billion and adjusted EPS $38.15, beating expectations.
Micron posted Q4 adjusted earnings of $33.42 per share and $54.23 billion revenue, above LSEG consensus.
Fourth-quarter DRAM revenue rose 343% YoY to $39.8 billion, 73% of sales.
CEO Sanjay Mehrotra said AI demand and customer agreements drive a stronger FY2027 outlook.
Micron plans $250 billion for two new HBM campuses, including a Boise fab slated for 2027.

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Story summary

Micron Technology forecast FY2027 Q1 revenue $61.5 billion and adjusted EPS $38.15, beating expectations.
Micron posted Q4 adjusted earnings of $33.42 per share and $54.23 billion revenue, above LSEG consensus.
Fourth-quarter DRAM revenue rose 343% YoY to $39.8 billion, 73% of sales.
CEO Sanjay Mehrotra said AI demand and customer agreements drive a stronger FY2027 outlook.
Micron plans $250 billion for two new HBM campuses, including a Boise fab slated for 2027.