Ajaib says Micron Q4 FY2026 revenue hits record USD 54.23 billion, topping guidance
MU•Ajaib said Micron’s Q4 FY2026 revenue reached a record USD 54.23 billion, topping USD 51 billion guidance, with non-GAAP EPS of USD 33.42. It highlighted Q1 FY2027 revenue guidance of USD 61.5 billion and EPS of USD 38.15.
1. Quarterly results
Ajaib flagged Micron’s Q4 FY2026 revenue at USD 54.23 billion, above USD 51 billion guidance, and non-GAAP EPS at USD 33.42. Micron’s FY2026 revenue reached USD 133.19 billion, up 256%; DRAM revenue topped USD 100 billion, and data center contributed 63% of Q4 revenue.
2. Outlook and costs
Q1 FY2027 guidance set revenue at USD 61.5 billion and EPS at USD 38.15, with gross margin seen at 86.25%, described as the FY2027 low. Ajaib highlighted roughly USD 1 billion in bonus-related cost timing, with margin expected to improve beyond Q1.
3. Spending and supply
Micron projected FY2027 capex above USD 50 billion. Ajaib warned that memory upcycles often precede oversupply despite management’s view that supply will remain tight through 2028.
