{"success":true,"data":{"pressRelease":{"id":"157223","rtpr_id":"nGNX2p7N0R-20260930","ticker":"MU","exchange":"NASDAQ","all_tickers":["MU"],"title":"Micron Technology, Inc. Reports Record Fiscal Fourth-Quarter and Full-Year 2026 Results","author":"Globe Newswire","published_at":"2026-09-30T20:01:00.582Z","article_body":"BOISE, Idaho, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc.\n(Nasdaq: MU) today announced results for its fourth quarter and full year of\nfiscal 2026, which ended September 3, 2026.\n\nFiscal Q4 2026 Highlights\n* * Revenue of $54.23 billion versus $41.46 billion for the prior quarter and\n$11.32 billion for the same period last year\n* GAAP net income of $37.70 billion, or $32.87 per diluted share\n* Non-GAAP net income of $38.40 billion, or $33.42 per diluted share\n* Operating cash flow of $43.97 billion versus $25.39 billion for the prior\nquarter and $5.73 billion for the same period last year\nFiscal 2026 Highlights\n* * Revenue of $133.19 billion versus $37.38 billion for the prior year\n* GAAP net income of $84.97 billion, or $74.33 per diluted share\n* Non-GAAP net income of $86.76 billion, or $75.52 per diluted share\n* Operating cash flow of $89.68 billion versus $17.53 billion for the prior\nyear\n“Micron delivered record fiscal 2026 results, and we expect an even stronger\nfiscal 2027,” said Sanjay Mehrotra, Chairman and CEO of Micron Technology.\n“AI is becoming Super Intelligence (SI), and memory enhances this\nintelligence and the competitiveness of our customers’ platforms. We are\nincreasing our investments in technology, products and manufacturing to help\ndrive SI forward with our customers, and our Strategic Customer Agreements\nprovide added confidence in the durability of Micron’s financial\nperformance.”\n\n Quarterly Financial Results \n (in millions, except per share amounts) GAAP ((1)) Non-GAAP ((2)) \n FQ4-26 FQ3-26 FQ4-25 FQ4-26 FQ3-26 FQ4 \n -25 \n \n Revenue $ 54,229 $ 41,456 $ 11,315 $ 54,229 $ 41,456 $ 11,315 \n Gross margin 47,047 35,056 5,054 47,204 35,199 5,169 \n Percent of revenue 86.8 % 84.6 % 44.7 % 87.0 % 84.9 % 45.7 % \n Operating expenses 3,296 1,738 1,400 2,568 1,518 1,214 \n Operating income 43,751 33,318 3,654 44,636 33,681 3,955 \n Percent of revenue 80.7 % 80.4 % 32.3 % 82.3 % 81.2 % 35.0 % \n Net income 37,701 28,243 3,201 38,398 28,857 3,469 \n Diluted earnings per share 32.87 24.67 2.83 33.42 25.11 3.03 \n\n\n\n Annual Financial Results \n (in millions, except per share amounts) GAAP ((1)) Non-GAAP ((2)) \n FY-26 FY-25 FY-26 FY \n -25 \n \n Revenue $ 133,188 $ 37,378 $ 133,188 $ 37,378 \n Gross margin 107,504 14,873 108,032 15,286 \n Percent of revenue 80.7 % 39.8 % 81.1 % 40.9 % \n Operating expenses 8,164 5,103 6,841 4,440 \n Operating income 99,340 9,770 101,191 10,846 \n Percent of revenue 74.6 % 26.1 % 76.0 % 29.0 % \n Net income 84,969 8,539 86,758 9,470 \n Diluted earnings per share 74.33 7.59 75.52 8.29 \n\nInvestments in capital expenditures, net((2)) were $10.77 billion for the\nfourth quarter of 2026 and $27.37 billion for the full year of 2026. Adjusted\nfree cash flow((2)) was $33.20 billion for the fourth quarter of 2026 and\n$62.31 billion for the full year of 2026. Micron ended the year with cash,\nmarketable investments, and restricted cash of $73.48 billion. On\nSeptember 30, 2026, Micron’s Board of Directors declared a quarterly\ndividend of $0.15 per share, payable in cash on October 29, 2026, to\nshareholders of record as of the close of business on October 14, 2026.\n\n Quarterly Business Unit Financial Results \n FQ4-26 FQ3-26 FQ4-25 \n \n Cloud Memory Business Unit \n Revenue $ 16,283 $ 13,769 $ 4,543 \n Gross margin 83 % 83 % 59 % \n Operating margin 76 % 78 % 48 % \n \n Core Data Center Business Unit \n Revenue $ 18,002 $ 11,524 $ 1,577 \n Gross margin 90 % 87 % 41 % \n Operating margin 85 % 83 % 25 % \n \n Mobile and Client Business Unit \n Revenue $ 13,114 $ 11,521 $ 3,760 \n Gross margin 90 % 87 % 36 % \n Operating margin 88 % 86 % 29 % \n \n Automotive and Embedded Business Unit \n Revenue $ 6,824 $ 4,634 $ 1,434 \n Gross margin 84 % 79 % 31 % \n Operating margin 79 % 75 % 20 % \n\nBusiness Outlook\n\nThe following table presents Micron’s guidance for the first quarter of\n2027:\n\n FQ1-27 GAAP ((1) )Outlook Non-GAAP ((2) )Outlook \n \n Revenue $61.5 billion ± $1.5 billion $61.5 billion ± $1.5 billion \n Gross margin Approximately 85.95% Approximately 86.25% \n Operating expenses Approximately $2.31 billion Approximately $2.06 billion \n Diluted earnings per share $37.84 ± $1.00 $38.15 ± $1.00 \n\nFurther information regarding Micron’s business outlook is included in the\nprepared remarks and slides, which have been posted at investors.micron.com.\n\nProduct Highlights\n* We began sampling the industry's first 512GB ultra dense high-capacity DDR5\nRDIMM modules capable of speeds up to 9,200 MT/s.\n* We have completed multiple customer qualifications of our 1-gamma based,\n8,800 MT/s high-speed server RDIMM modules.\n* Our industry leading server LPDDR SOCAMM portfolio revenue more than doubled\nsequentially in the fourth quarter of 2026.\n* Our 7600 PCIe Gen 5 and 9650 PCIe Gen 6 SSD high-performance products are\nnow shipping to market-leading customers for KV-cache applications.\n* Our 6600 ION SSD achieved a strong volume ramp in the fourth quarter of\n2026.\n* We are now shipping 6-channel 1-gamma LPDDR5X for flagship mobile devices.\n* We have secured design wins with every Tier 1 OEM customer for AI\nworkstation product.\n* Our 4600 SSD secured additional qualifications with leading PC OEMs.\n* We began sampling 1-gamma based LPDDR6 products to multiple physical AI\nmarkets.\nInvestor Webcast\n\nMicron will host a conference call on Wednesday, September 30, 2026 at 2:30\np.m. Mountain Time to discuss its fourth-quarter and full-year financial\nresults and provide forward-looking guidance for its first quarter. A live\nwebcast of the call will be available online at investors.micron.com. A\nwebcast replay will be available for one year after the call.\n\nWe encourage you to visit our website at micron.com throughout the quarter for\nthe most current information on the company, including information on\nfinancial conferences that we may be attending. You can also follow us on\nLinkedIn, X (@MicronTech) and YouTube (@MicronTechnology).\n\nAbout Micron Technology, Inc.\n\nMicron Technology, Inc. is a global leader in semiconductor memory and\nstorage, powering AI and compute-intensive applications from cloud to edge.\nWith a relentless focus on our customers, technology and product leadership,\nand manufacturing and operational excellence, Micron’s comprehensive\nportfolio of high-performance DRAM, NAND and NOR solutions deliver the speed,\nefficiency, and scale today’s workloads demand, accelerating intelligence to\nenrich life for all. To learn more about Micron Technology, Inc. (Nasdaq: MU),\nvisit micron.com.\n\n© 2026 Micron Technology, Inc. All rights reserved. Micron, the Micron logo,\nand all other Micron trademarks are the property of Micron Technology, Inc.\nAll other trademarks are the property of their respective owners.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements regarding our industry,\nour strategic position, our customers, including customer demand, our\ninvestments and the goals for such investments, our business opportunity, our\nproducts and technology, and our financial and operating performance,\nincluding our guidance for the first quarter. These forward-looking statements\nare subject to a number of risks and uncertainties that could cause actual\nresults to differ materially. Please refer to the documents we file with the\nSecurities and Exchange Commission, including our most recent Form 10-K and\nForm 10-Q. These documents contain and identify important factors that could\ncause our actual results to differ materially from those contained in these\nforward-looking statements. These certain factors can be found at\ninvestors.micron.com/risk-factor. Although we believe that the expectations\nreflected in the forward-looking statements are reasonable, we cannot\nguarantee future results, levels of activity, performance, or achievements. We\nare under no duty to update any of the forward-looking statements to conform\nthese statements to actual results.\n\n ((1)) GAAP represents U.S. Generally Accepted Accounting Principles. \n ((2)) Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings; adjusted free cash flow; investments in capital expenditures, net; and business outlook. Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release. \n\n\n\n MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) (Unaudited) \n 4th Qtr. 3rd Qtr. 4th Qtr. Year Ended \n September 3, 2026 May 28, 2026 August 28, 2025 September 3, 2026 August 28, 2025 \n \n Revenue $ 54,229 $ 41,456 $ 11,315 $ 133,188 $ 37,378 \n Cost of goods sold 7,182 6,400 6,261 25,684 22,505 \n Gross margin 47,047 35,056 5,054 107,504 14,873 \n \n Research and development 1,913 1,316 1,047 5,650 3,798 \n Selling, general, and administrative 859 407 314 1,947 1,205 \n Other operating (income) expense, net 524 15 39 567 100 \n Operating income 43,751 33,318 3,654 99,340 9,770 \n \n Interest income 575 215 146 1,084 496 \n Interest expense — — (124 ) (106 ) (477 ) \n Other non-operating income (expense), net (88 ) (321 ) (45 ) (647 ) (135 ) \n 44,238 33,212 3,631 99,671 9,654 \n \n Income tax (provision) benefit (6,583 ) (4,978 ) (429 ) (14,761 ) (1,124 ) \n Equity in net income (loss) of equity method investees 46 9 (1 ) 59 9 \n Net income $ 37,701 $ 28,243 $ 3,201 $ 84,969 $ 8,539 \n \n Earnings per share \n Basic $ 33.36 $ 25.03 $ 2.86 $ 75.38 $ 7.65 \n Diluted 32.87 24.67 2.83 74.33 7.59 \n \n Number of shares used in per share calculations \n Basic 1,130 1,128 1,120 1,127 1,116 \n Diluted 1,147 1,145 1,131 1,143 1,125 \n\n\n\n MICRON TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) \n As of September 3, 2026 May 28, 2026 August 28, 2025 \n \n Assets \n Cash and equivalents $ 38,364 $ 24,995 $ 9,642 \n Short-term investments 5,070 1,027 665 \n Receivables 36,197 31,025 9,265 \n Inventories 10,372 8,567 8,355 \n Other current assets 1,067 1,123 914 \n Total current assets 91,070 66,737 28,841 \n Long-term marketable investments 30,019 4,106 1,629 \n Property, plant, and equipment 63,310 56,426 46,590 \n Goodwill 1,150 1,150 1,150 \n Other noncurrent assets 10,339 5,693 4,588 \n Total assets $ 195,888 $ 134,112 $ 82,798 \n \n Liabilities and equity \n Accounts payable and accrued expenses $ 22,605 $ 15,521 $ 9,649 \n Current debt 491 582 560 \n Other current liabilities 4,386 3,385 1,245 \n Total current liabilities 27,482 19,488 11,454 \n Long-term debt 4,688 5,140 14,017 \n Noncurrent unearned government incentives 786 1,020 1,018 \n Noncurrent customer contract liabilities 12,895 568 142 \n Other noncurrent liabilities 11,659 7,172 2,002 \n Total liabilities 57,510 33,388 28,633 \n \n Commitments and contingencies \n \n Shareholders’ equity \n Common stock 128 128 127 \n Additional capital 14,974 14,442 13,339 \n Retained earnings 131,851 94,682 48,583 \n Treasury stock (8,502 ) (8,502 ) (7,852 ) \n Accumulated other comprehensive income (loss) (73 ) (26 ) (32 ) \n Total equity 138,378 100,724 54,165 \n Total liabilities and equity $ 195,888 $ 134,112 $ 82,798 \n\n\n\n MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) \n For the year ended September 3, 2026 August 28, 2025 \n \n Cash flows from operating activities \n Net income $ 84,969 $ 8,539 \n Adjustments to reconcile net income to net cash provided by operating activities: \n Depreciation expense and amortization of intangible assets 9,503 8,352 \n Stock-based compensation 1,333 972 \n Change in operating assets and liabilities: \n Receivables (25,206 ) (1,776 ) \n Inventories (2,017 ) 520 \n Accounts payable and accrued expenses 8,707 862 \n Other current liabilities 3,141 (272 ) \n Other noncurrent liabilities 9,633 381 \n Other (388 ) (53 ) \n Net cash provided by operating activities 89,675 17,525 \n \n Cash flows from investing activities \n Purchases of available-for-sale securities (34,871 ) (1,890 ) \n Expenditures for property, plant, and equipment (30,712 ) (15,857 ) \n Purchases of non-marketable equity securities (1,046 ) (34 ) \n Proceeds from government incentives 3,316 2,005 \n Proceeds from maturities and sales of available-for-sale securities 1,988 1,698 \n Other (316 ) (9 ) \n Net cash used for investing activities (61,641 ) (14,087 ) \n \n Cash flows from financing activities \n Proceeds from customer contract liability deposits 12,747 — \n Proceeds from issuance of debt — 4,430 \n Repayments of debt (10,043 ) (4,619 ) \n Repurchases of common stock - withholdings on employee equity awards (1,127 ) (340 ) \n Repurchases of common stock - repurchase program (650 ) — \n Payments of dividends to shareholders (610 ) (522 ) \n Other 313 201 \n Net cash provided by (used for) financing activities 630 (850 ) \n \n Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 81 6 \n \n Net increase in cash, cash equivalents, and restricted cash 28,745 2,594 \n Cash, cash equivalents, and restricted cash at beginning of period 9,646 7,052 \n Cash, cash equivalents, and restricted cash at end of period $ 38,391 $ 9,646 \n\n\n\n MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts) \n 4th Qtr. 3rd Qtr. 4th Qtr. Year Ended \n September 3, 2026 May 28, 2026 August 28, 2025 September 3, 2026 August 28, 2025 \n \n GAAP gross margin $ 47,047 $ 35,056 $ 5,054 $ 107,504 $ 14,873 \n Stock-based compensation 157 143 115 528 409 \n Other — — — — 4 \n Non-GAAP gross margin $ 47,204 $ 35,199 $ 5,169 $ 108,032 $ 15,286 \n \n GAAP operating expenses $ 3,296 $ 1,738 $ 1,400 $ 8,164 $ 5,103 \n Stock-based compensation (207 ) (198 ) (147 ) (754 ) (566 ) \n Patent license charges (500 ) — — (500 ) (57 ) \n Other (21 ) (22 ) (39 ) (69 ) (40 ) \n Non-GAAP operating expenses $ 2,568 $ 1,518 $ 1,214 $ 6,841 $ 4,440 \n \n GAAP operating income $ 43,751 $ 33,318 $ 3,654 $ 99,340 $ 9,770 \n Stock-based compensation 364 341 262 1,282 975 \n Patent license charges 500 — — 500 57 \n Other 21 22 39 69 44 \n Non-GAAP operating income $ 44,636 $ 33,681 $ 3,955 $ 101,191 $ 10,846 \n \n GAAP net income $ 37,701 $ 28,243 $ 3,201 $ 84,969 $ 8,539 \n Stock-based compensation 364 341 262 1,282 975 \n Patent license charges 500 — — 500 57 \n Loss on debt prepayments 9 325 9 511 59 \n Other 22 23 39 50 40 \n Estimated tax effects of above and other tax adjustments (198 ) (75 ) (42 ) (554 ) (200 ) \n Non-GAAP net income $ 38,398 $ 28,857 $ 3,469 $ 86,758 $ 9,470 \n \n GAAP weighted-average common shares outstanding - Diluted 1,147 1,145 1,131 1,143 1,125 \n Adjustment for stock-based compensation 2 4 14 6 18 \n Non-GAAP weighted-average common shares outstanding - Diluted 1,149 1,149 1,145 1,149 1,143 \n \n GAAP diluted earnings per share $ 32.87 $ 24.67 $ 2.83 $ 74.33 $ 7.59 \n Effects of the above adjustments 0.55 0.44 0.20 1.19 0.70 \n Non-GAAP diluted earnings per share $ 33.42 $ 25.11 $ 3.03 $ 75.52 $ 8.29 \n\n\n\n RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued \n 4th Qtr. 3rd Qtr. 4th Qtr. Year Ended \n September 3, 2026 May 28, 2026 August 28, 2025 September 3, 2026 August 28, 2025 \n \n GAAP net cash provided by operating activities $ 43,973 $ 25,388 $ 5,730 $ 89,675 $ 17,525 \n \n Expenditures for property, plant, and equipment (11,110 ) (7,826 ) (5,658 ) (30,712 ) (15,857 ) \n Proceeds from sales of property, plant, and equipment 9 9 20 29 48 \n Proceeds from government incentives 327 733 711 3,316 2,005 \n Investments in capital expenditures, net (10,774 ) (7,084 ) (4,927 ) (27,367 ) (13,804 ) \n Adjusted free cash flow $ 33,199 $ 18,304 $ 803 $ 62,308 $ 3,721 \n\nThe tables above reconcile GAAP to non-GAAP measures of gross margin,\noperating expenses, operating income, net income, diluted shares, diluted\nearnings per share, and adjusted free cash flow. The non-GAAP adjustments\nabove may or may not be infrequent or nonrecurring in nature, but are a result\nof periodic or non-core operating activities. We believe this non-GAAP\ninformation is helpful in understanding trends and in analyzing our operating\nresults and earnings. We are providing this information to investors to assist\nin performing analysis of our operating results. When evaluating performance\nand making decisions on how to allocate our resources, management uses this\nnon-GAAP information and believes investors should have access to similar data\nwhen making their investment decisions. We believe these non-GAAP financial\nmeasures increase transparency by providing investors with useful supplemental\ninformation about the financial performance of our business, enabling enhanced\ncomparison of our operating results between periods and with peer companies.\nThe presentation of these adjusted amounts varies from amounts presented in\naccordance with U.S. GAAP and therefore may not be comparable to amounts\nreported by other companies. Our management excludes the following items as\napplicable in analyzing our operating results and understanding trends in our\nearnings:\n* Stock-based compensation;\n* Gains and losses from settlements;\n* Gains and losses from debt prepayments;\n* Restructure and asset impairments; and\n* The estimated tax effects of above, non-cash changes in net deferred income\ntaxes, assessments of tax exposures, certain tax matters related to prior\nfiscal periods, and significant changes in tax law. The divergence between our\nGAAP and non-GAAP income tax (provision) benefit relates to the difference in\nour GAAP and non-GAAP estimated annual effective tax rates, which are computed\nseparately.\nNon-GAAP diluted shares are adjusted for the impact of additional shares\nresulting from the exclusion of stock-based compensation from non-GAAP income.\n\n MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK \n FQ1-27 GAAP Outlook Adjustments Non-GAAP Outlook \n \n Revenue $61.5 billion ± $1.5 billion — $61.5 billion ± $1.5 billion \n Gross margin Approximately 85.95% 0.30 % A Approximately 86.25% \n Operating expenses Approximately $2.31 billion $253 million B Approximately $2.06 billion \n Diluted earnings per share ((1)) $37.84 ± $1.00 $0.31 A, B, C $38.15 ± $1.00 \n\n\n\n Non-GAAP Adjustments (in millions) \n \n A Stock-based compensation – cost of goods sold $ 174 \n B Stock-based compensation – research and development 166 \n B Stock-based compensation – selling, general, and administrative 87 \n C Tax effects of the above items and other tax adjustments (65 ) \n $ 362 \n\n\n\n ((1)) GAAP earnings per share and non-GAAP earnings per share based on approximately 1.15 billion diluted shares. \n\nThe tables above reconcile our GAAP to non-GAAP guidance based on the current\noutlook. The guidance does not incorporate the impact of any potential\nbusiness combinations, divestitures, additional restructuring activities,\nbalance sheet valuation adjustments, strategic investments, financing\ntransactions, and other significant transactions. The timing and impact of\nsuch items are dependent on future events that may be uncertain or outside of\nour control.\n\nContacts:\n\nSatya Kumar\nInvestor Relations\nsatyakumar@micron.com\n(408) 450-6199\n\nMark Plungy\nMedia Relations\nmplungy@micron.com\n(408) 203-2910\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7b41b567-5fa9-4dee-8bcb-9ea728ca57ee)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2p7N0R-20260930","title":"Micron Technology, Inc. Reports Record Fiscal Fourth-Quarter and Full-Year 2026 Results","author":"Globe Newswire","ticker":"MU","created":"2026-09-30T20:01:00.582Z","tickers":["MU"],"exchange":"NASDAQ","article_body":"BOISE, Idaho, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Micron Technology, Inc.\n(Nasdaq: MU) today announced results for its fourth quarter and full year of\nfiscal 2026, which ended September 3, 2026.\n\nFiscal Q4 2026 Highlights\n* * Revenue of $54.23 billion versus $41.46 billion for the prior quarter and\n$11.32 billion for the same period last year\n* GAAP net income of $37.70 billion, or $32.87 per diluted share\n* Non-GAAP net income of $38.40 billion, or $33.42 per diluted share\n* Operating cash flow of $43.97 billion versus $25.39 billion for the prior\nquarter and $5.73 billion for the same period last year\nFiscal 2026 Highlights\n* * Revenue of $133.19 billion versus $37.38 billion for the prior year\n* GAAP net income of $84.97 billion, or $74.33 per diluted share\n* Non-GAAP net income of $86.76 billion, or $75.52 per diluted share\n* Operating cash flow of $89.68 billion versus $17.53 billion for the prior\nyear\n“Micron delivered record fiscal 2026 results, and we expect an even stronger\nfiscal 2027,” said Sanjay Mehrotra, Chairman and CEO of Micron Technology.\n“AI is becoming Super Intelligence (SI), and memory enhances this\nintelligence and the competitiveness of our customers’ platforms. We are\nincreasing our investments in technology, products and manufacturing to help\ndrive SI forward with our customers, and our Strategic Customer Agreements\nprovide added confidence in the durability of Micron’s financial\nperformance.”\n\n Quarterly Financial Results \n (in millions, except per share amounts) GAAP ((1)) Non-GAAP ((2)) \n FQ4-26 FQ3-26 FQ4-25 FQ4-26 FQ3-26 FQ4 \n -25 \n \n Revenue $ 54,229 $ 41,456 $ 11,315 $ 54,229 $ 41,456 $ 11,315 \n Gross margin 47,047 35,056 5,054 47,204 35,199 5,169 \n Percent of revenue 86.8 % 84.6 % 44.7 % 87.0 % 84.9 % 45.7 % \n Operating expenses 3,296 1,738 1,400 2,568 1,518 1,214 \n Operating income 43,751 33,318 3,654 44,636 33,681 3,955 \n Percent of revenue 80.7 % 80.4 % 32.3 % 82.3 % 81.2 % 35.0 % \n Net income 37,701 28,243 3,201 38,398 28,857 3,469 \n Diluted earnings per share 32.87 24.67 2.83 33.42 25.11 3.03 \n\n\n\n Annual Financial Results \n (in millions, except per share amounts) GAAP ((1)) Non-GAAP ((2)) \n FY-26 FY-25 FY-26 FY \n -25 \n \n Revenue $ 133,188 $ 37,378 $ 133,188 $ 37,378 \n Gross margin 107,504 14,873 108,032 15,286 \n Percent of revenue 80.7 % 39.8 % 81.1 % 40.9 % \n Operating expenses 8,164 5,103 6,841 4,440 \n Operating income 99,340 9,770 101,191 10,846 \n Percent of revenue 74.6 % 26.1 % 76.0 % 29.0 % \n Net income 84,969 8,539 86,758 9,470 \n Diluted earnings per share 74.33 7.59 75.52 8.29 \n\nInvestments in capital expenditures, net((2)) were $10.77 billion for the\nfourth quarter of 2026 and $27.37 billion for the full year of 2026. Adjusted\nfree cash flow((2)) was $33.20 billion for the fourth quarter of 2026 and\n$62.31 billion for the full year of 2026. Micron ended the year with cash,\nmarketable investments, and restricted cash of $73.48 billion. On\nSeptember 30, 2026, Micron’s Board of Directors declared a quarterly\ndividend of $0.15 per share, payable in cash on October 29, 2026, to\nshareholders of record as of the close of business on October 14, 2026.\n\n Quarterly Business Unit Financial Results \n FQ4-26 FQ3-26 FQ4-25 \n \n Cloud Memory Business Unit \n Revenue $ 16,283 $ 13,769 $ 4,543 \n Gross margin 83 % 83 % 59 % \n Operating margin 76 % 78 % 48 % \n \n Core Data Center Business Unit \n Revenue $ 18,002 $ 11,524 $ 1,577 \n Gross margin 90 % 87 % 41 % \n Operating margin 85 % 83 % 25 % \n \n Mobile and Client Business Unit \n Revenue $ 13,114 $ 11,521 $ 3,760 \n Gross margin 90 % 87 % 36 % \n Operating margin 88 % 86 % 29 % \n \n Automotive and Embedded Business Unit \n Revenue $ 6,824 $ 4,634 $ 1,434 \n Gross margin 84 % 79 % 31 % \n Operating margin 79 % 75 % 20 % \n\nBusiness Outlook\n\nThe following table presents Micron’s guidance for the first quarter of\n2027:\n\n FQ1-27 GAAP ((1) )Outlook Non-GAAP ((2) )Outlook \n \n Revenue $61.5 billion ± $1.5 billion $61.5 billion ± $1.5 billion \n Gross margin Approximately 85.95% Approximately 86.25% \n Operating expenses Approximately $2.31 billion Approximately $2.06 billion \n Diluted earnings per share $37.84 ± $1.00 $38.15 ± $1.00 \n\nFurther information regarding Micron’s business outlook is included in the\nprepared remarks and slides, which have been posted at investors.micron.com.\n\nProduct Highlights\n* We began sampling the industry's first 512GB ultra dense high-capacity DDR5\nRDIMM modules capable of speeds up to 9,200 MT/s.\n* We have completed multiple customer qualifications of our 1-gamma based,\n8,800 MT/s high-speed server RDIMM modules.\n* Our industry leading server LPDDR SOCAMM portfolio revenue more than doubled\nsequentially in the fourth quarter of 2026.\n* Our 7600 PCIe Gen 5 and 9650 PCIe Gen 6 SSD high-performance products are\nnow shipping to market-leading customers for KV-cache applications.\n* Our 6600 ION SSD achieved a strong volume ramp in the fourth quarter of\n2026.\n* We are now shipping 6-channel 1-gamma LPDDR5X for flagship mobile devices.\n* We have secured design wins with every Tier 1 OEM customer for AI\nworkstation product.\n* Our 4600 SSD secured additional qualifications with leading PC OEMs.\n* We began sampling 1-gamma based LPDDR6 products to multiple physical AI\nmarkets.\nInvestor Webcast\n\nMicron will host a conference call on Wednesday, September 30, 2026 at 2:30\np.m. Mountain Time to discuss its fourth-quarter and full-year financial\nresults and provide forward-looking guidance for its first quarter. A live\nwebcast of the call will be available online at investors.micron.com. A\nwebcast replay will be available for one year after the call.\n\nWe encourage you to visit our website at micron.com throughout the quarter for\nthe most current information on the company, including information on\nfinancial conferences that we may be attending. You can also follow us on\nLinkedIn, X (@MicronTech) and YouTube (@MicronTechnology).\n\nAbout Micron Technology, Inc.\n\nMicron Technology, Inc. is a global leader in semiconductor memory and\nstorage, powering AI and compute-intensive applications from cloud to edge.\nWith a relentless focus on our customers, technology and product leadership,\nand manufacturing and operational excellence, Micron’s comprehensive\nportfolio of high-performance DRAM, NAND and NOR solutions deliver the speed,\nefficiency, and scale today’s workloads demand, accelerating intelligence to\nenrich life for all. To learn more about Micron Technology, Inc. (Nasdaq: MU),\nvisit micron.com.\n\n© 2026 Micron Technology, Inc. All rights reserved. Micron, the Micron logo,\nand all other Micron trademarks are the property of Micron Technology, Inc.\nAll other trademarks are the property of their respective owners.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements regarding our industry,\nour strategic position, our customers, including customer demand, our\ninvestments and the goals for such investments, our business opportunity, our\nproducts and technology, and our financial and operating performance,\nincluding our guidance for the first quarter. These forward-looking statements\nare subject to a number of risks and uncertainties that could cause actual\nresults to differ materially. Please refer to the documents we file with the\nSecurities and Exchange Commission, including our most recent Form 10-K and\nForm 10-Q. These documents contain and identify important factors that could\ncause our actual results to differ materially from those contained in these\nforward-looking statements. These certain factors can be found at\ninvestors.micron.com/risk-factor. Although we believe that the expectations\nreflected in the forward-looking statements are reasonable, we cannot\nguarantee future results, levels of activity, performance, or achievements. We\nare under no duty to update any of the forward-looking statements to conform\nthese statements to actual results.\n\n ((1)) GAAP represents U.S. Generally Accepted Accounting Principles. \n ((2)) Non-GAAP represents GAAP excluding the impact of certain activities, which management excludes in analyzing our operating results and understanding trends in our earnings; adjusted free cash flow; investments in capital expenditures, net; and business outlook. Further information regarding Micron’s use of non-GAAP measures and reconciliations between GAAP and non-GAAP measures are included within this press release. \n\n\n\n MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share amounts) (Unaudited) \n 4th Qtr. 3rd Qtr. 4th Qtr. Year Ended \n September 3, 2026 May 28, 2026 August 28, 2025 September 3, 2026 August 28, 2025 \n \n Revenue $ 54,229 $ 41,456 $ 11,315 $ 133,188 $ 37,378 \n Cost of goods sold 7,182 6,400 6,261 25,684 22,505 \n Gross margin 47,047 35,056 5,054 107,504 14,873 \n \n Research and development 1,913 1,316 1,047 5,650 3,798 \n Selling, general, and administrative 859 407 314 1,947 1,205 \n Other operating (income) expense, net 524 15 39 567 100 \n Operating income 43,751 33,318 3,654 99,340 9,770 \n \n Interest income 575 215 146 1,084 496 \n Interest expense — — (124 ) (106 ) (477 ) \n Other non-operating income (expense), net (88 ) (321 ) (45 ) (647 ) (135 ) \n 44,238 33,212 3,631 99,671 9,654 \n \n Income tax (provision) benefit (6,583 ) (4,978 ) (429 ) (14,761 ) (1,124 ) \n Equity in net income (loss) of equity method investees 46 9 (1 ) 59 9 \n Net income $ 37,701 $ 28,243 $ 3,201 $ 84,969 $ 8,539 \n \n Earnings per share \n Basic $ 33.36 $ 25.03 $ 2.86 $ 75.38 $ 7.65 \n Diluted 32.87 24.67 2.83 74.33 7.59 \n \n Number of shares used in per share calculations \n Basic 1,130 1,128 1,120 1,127 1,116 \n Diluted 1,147 1,145 1,131 1,143 1,125 \n\n\n\n MICRON TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (In millions) (Unaudited) \n As of September 3, 2026 May 28, 2026 August 28, 2025 \n \n Assets \n Cash and equivalents $ 38,364 $ 24,995 $ 9,642 \n Short-term investments 5,070 1,027 665 \n Receivables 36,197 31,025 9,265 \n Inventories 10,372 8,567 8,355 \n Other current assets 1,067 1,123 914 \n Total current assets 91,070 66,737 28,841 \n Long-term marketable investments 30,019 4,106 1,629 \n Property, plant, and equipment 63,310 56,426 46,590 \n Goodwill 1,150 1,150 1,150 \n Other noncurrent assets 10,339 5,693 4,588 \n Total assets $ 195,888 $ 134,112 $ 82,798 \n \n Liabilities and equity \n Accounts payable and accrued expenses $ 22,605 $ 15,521 $ 9,649 \n Current debt 491 582 560 \n Other current liabilities 4,386 3,385 1,245 \n Total current liabilities 27,482 19,488 11,454 \n Long-term debt 4,688 5,140 14,017 \n Noncurrent unearned government incentives 786 1,020 1,018 \n Noncurrent customer contract liabilities 12,895 568 142 \n Other noncurrent liabilities 11,659 7,172 2,002 \n Total liabilities 57,510 33,388 28,633 \n \n Commitments and contingencies \n \n Shareholders’ equity \n Common stock 128 128 127 \n Additional capital 14,974 14,442 13,339 \n Retained earnings 131,851 94,682 48,583 \n Treasury stock (8,502 ) (8,502 ) (7,852 ) \n Accumulated other comprehensive income (loss) (73 ) (26 ) (32 ) \n Total equity 138,378 100,724 54,165 \n Total liabilities and equity $ 195,888 $ 134,112 $ 82,798 \n\n\n\n MICRON TECHNOLOGY, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) (Unaudited) \n For the year ended September 3, 2026 August 28, 2025 \n \n Cash flows from operating activities \n Net income $ 84,969 $ 8,539 \n Adjustments to reconcile net income to net cash provided by operating activities: \n Depreciation expense and amortization of intangible assets 9,503 8,352 \n Stock-based compensation 1,333 972 \n Change in operating assets and liabilities: \n Receivables (25,206 ) (1,776 ) \n Inventories (2,017 ) 520 \n Accounts payable and accrued expenses 8,707 862 \n Other current liabilities 3,141 (272 ) \n Other noncurrent liabilities 9,633 381 \n Other (388 ) (53 ) \n Net cash provided by operating activities 89,675 17,525 \n \n Cash flows from investing activities \n Purchases of available-for-sale securities (34,871 ) (1,890 ) \n Expenditures for property, plant, and equipment (30,712 ) (15,857 ) \n Purchases of non-marketable equity securities (1,046 ) (34 ) \n Proceeds from government incentives 3,316 2,005 \n Proceeds from maturities and sales of available-for-sale securities 1,988 1,698 \n Other (316 ) (9 ) \n Net cash used for investing activities (61,641 ) (14,087 ) \n \n Cash flows from financing activities \n Proceeds from customer contract liability deposits 12,747 — \n Proceeds from issuance of debt — 4,430 \n Repayments of debt (10,043 ) (4,619 ) \n Repurchases of common stock - withholdings on employee equity awards (1,127 ) (340 ) \n Repurchases of common stock - repurchase program (650 ) — \n Payments of dividends to shareholders (610 ) (522 ) \n Other 313 201 \n Net cash provided by (used for) financing activities 630 (850 ) \n \n Effect of changes in currency exchange rates on cash, cash equivalents, and restricted cash 81 6 \n \n Net increase in cash, cash equivalents, and restricted cash 28,745 2,594 \n Cash, cash equivalents, and restricted cash at beginning of period 9,646 7,052 \n Cash, cash equivalents, and restricted cash at end of period $ 38,391 $ 9,646 \n\n\n\n MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts) \n 4th Qtr. 3rd Qtr. 4th Qtr. Year Ended \n September 3, 2026 May 28, 2026 August 28, 2025 September 3, 2026 August 28, 2025 \n \n GAAP gross margin $ 47,047 $ 35,056 $ 5,054 $ 107,504 $ 14,873 \n Stock-based compensation 157 143 115 528 409 \n Other — — — — 4 \n Non-GAAP gross margin $ 47,204 $ 35,199 $ 5,169 $ 108,032 $ 15,286 \n \n GAAP operating expenses $ 3,296 $ 1,738 $ 1,400 $ 8,164 $ 5,103 \n Stock-based compensation (207 ) (198 ) (147 ) (754 ) (566 ) \n Patent license charges (500 ) — — (500 ) (57 ) \n Other (21 ) (22 ) (39 ) (69 ) (40 ) \n Non-GAAP operating expenses $ 2,568 $ 1,518 $ 1,214 $ 6,841 $ 4,440 \n \n GAAP operating income $ 43,751 $ 33,318 $ 3,654 $ 99,340 $ 9,770 \n Stock-based compensation 364 341 262 1,282 975 \n Patent license charges 500 — — 500 57 \n Other 21 22 39 69 44 \n Non-GAAP operating income $ 44,636 $ 33,681 $ 3,955 $ 101,191 $ 10,846 \n \n GAAP net income $ 37,701 $ 28,243 $ 3,201 $ 84,969 $ 8,539 \n Stock-based compensation 364 341 262 1,282 975 \n Patent license charges 500 — — 500 57 \n Loss on debt prepayments 9 325 9 511 59 \n Other 22 23 39 50 40 \n Estimated tax effects of above and other tax adjustments (198 ) (75 ) (42 ) (554 ) (200 ) \n Non-GAAP net income $ 38,398 $ 28,857 $ 3,469 $ 86,758 $ 9,470 \n \n GAAP weighted-average common shares outstanding - Diluted 1,147 1,145 1,131 1,143 1,125 \n Adjustment for stock-based compensation 2 4 14 6 18 \n Non-GAAP weighted-average common shares outstanding - Diluted 1,149 1,149 1,145 1,149 1,143 \n \n GAAP diluted earnings per share $ 32.87 $ 24.67 $ 2.83 $ 74.33 $ 7.59 \n Effects of the above adjustments 0.55 0.44 0.20 1.19 0.70 \n Non-GAAP diluted earnings per share $ 33.42 $ 25.11 $ 3.03 $ 75.52 $ 8.29 \n\n\n\n RECONCILIATION OF GAAP TO NON-GAAP MEASURES, Continued \n 4th Qtr. 3rd Qtr. 4th Qtr. Year Ended \n September 3, 2026 May 28, 2026 August 28, 2025 September 3, 2026 August 28, 2025 \n \n GAAP net cash provided by operating activities $ 43,973 $ 25,388 $ 5,730 $ 89,675 $ 17,525 \n \n Expenditures for property, plant, and equipment (11,110 ) (7,826 ) (5,658 ) (30,712 ) (15,857 ) \n Proceeds from sales of property, plant, and equipment 9 9 20 29 48 \n Proceeds from government incentives 327 733 711 3,316 2,005 \n Investments in capital expenditures, net (10,774 ) (7,084 ) (4,927 ) (27,367 ) (13,804 ) \n Adjusted free cash flow $ 33,199 $ 18,304 $ 803 $ 62,308 $ 3,721 \n\nThe tables above reconcile GAAP to non-GAAP measures of gross margin,\noperating expenses, operating income, net income, diluted shares, diluted\nearnings per share, and adjusted free cash flow. The non-GAAP adjustments\nabove may or may not be infrequent or nonrecurring in nature, but are a result\nof periodic or non-core operating activities. We believe this non-GAAP\ninformation is helpful in understanding trends and in analyzing our operating\nresults and earnings. We are providing this information to investors to assist\nin performing analysis of our operating results. When evaluating performance\nand making decisions on how to allocate our resources, management uses this\nnon-GAAP information and believes investors should have access to similar data\nwhen making their investment decisions. We believe these non-GAAP financial\nmeasures increase transparency by providing investors with useful supplemental\ninformation about the financial performance of our business, enabling enhanced\ncomparison of our operating results between periods and with peer companies.\nThe presentation of these adjusted amounts varies from amounts presented in\naccordance with U.S. GAAP and therefore may not be comparable to amounts\nreported by other companies. Our management excludes the following items as\napplicable in analyzing our operating results and understanding trends in our\nearnings:\n* Stock-based compensation;\n* Gains and losses from settlements;\n* Gains and losses from debt prepayments;\n* Restructure and asset impairments; and\n* The estimated tax effects of above, non-cash changes in net deferred income\ntaxes, assessments of tax exposures, certain tax matters related to prior\nfiscal periods, and significant changes in tax law. The divergence between our\nGAAP and non-GAAP income tax (provision) benefit relates to the difference in\nour GAAP and non-GAAP estimated annual effective tax rates, which are computed\nseparately.\nNon-GAAP diluted shares are adjusted for the impact of additional shares\nresulting from the exclusion of stock-based compensation from non-GAAP income.\n\n MICRON TECHNOLOGY, INC. RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK \n FQ1-27 GAAP Outlook Adjustments Non-GAAP Outlook \n \n Revenue $61.5 billion ± $1.5 billion — $61.5 billion ± $1.5 billion \n Gross margin Approximately 85.95% 0.30 % A Approximately 86.25% \n Operating expenses Approximately $2.31 billion $253 million B Approximately $2.06 billion \n Diluted earnings per share ((1)) $37.84 ± $1.00 $0.31 A, B, C $38.15 ± $1.00 \n\n\n\n Non-GAAP Adjustments (in millions) \n \n A Stock-based compensation – cost of goods sold $ 174 \n B Stock-based compensation – research and development 166 \n B Stock-based compensation – selling, general, and administrative 87 \n C Tax effects of the above items and other tax adjustments (65 ) \n $ 362 \n\n\n\n ((1)) GAAP earnings per share and non-GAAP earnings per share based on approximately 1.15 billion diluted shares. \n\nThe tables above reconcile our GAAP to non-GAAP guidance based on the current\noutlook. The guidance does not incorporate the impact of any potential\nbusiness combinations, divestitures, additional restructuring activities,\nbalance sheet valuation adjustments, strategic investments, financing\ntransactions, and other significant transactions. The timing and impact of\nsuch items are dependent on future events that may be uncertain or outside of\nour control.\n\nContacts:\n\nSatya Kumar\nInvestor Relations\nsatyakumar@micron.com\n(408) 450-6199\n\nMark Plungy\nMedia Relations\nmplungy@micron.com\n(408) 203-2910\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/7b41b567-5fa9-4dee-8bcb-9ea728ca57ee)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-30T20:01:00.641876023Z","server_sent_at_ms":1790798460641},"received_at":"2026-09-30T20:01:00.693Z","source_url":null},"analysis":{"id":"145895","press_release_id":"157223","analysis_json":{"industry":{"label":"Semiconductors & Semiconductor Equipment","sector":"Information Technology"},"redFlags":["GAAP vs non-GAAP gross margin gap of ~86-87% vs prior-year ~45% reflects an extraordinary memory pricing cycle; sustainability risk if AI-driven pricing normalizes","receivables grew to $36.2B from $9.3B a year ago, outpacing revenue conversion","$12.7B in customer contract liability deposits signals heavy customer prepayments tied to supply commitments"],"eventType":"earnings","narrative":"Micron reported record FQ4-26 revenue of $54.23 billion, up from $11.32 billion a year earlier, with GAAP diluted EPS of $32.87 versus $2.83 in the prior-year quarter.\n\nFull-year FY26 revenue reached $133.19 billion versus $37.38 billion in FY25, with adjusted free cash flow of $62.31 billion and $73.48 billion in cash and investments at year end.\n\nGuidance for FQ1-27 calls for $61.5 billion ± $1.5B in revenue and non-GAAP EPS of $38.15 ± $1.00, implying continued sequential growth.\n\nThe board declared a $0.15 quarterly dividend, and management cited AI-driven 'Super Intelligence' demand and Strategic Customer Agreements as underpinning durable performance.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Blowout AI-memory quarter: ~4x YoY revenue growth, 87% gross margin, and guide to $61.5B next quarter — memory supercycle in full force."},"keyFigures":{"eps":32.87,"revenue":54229000000,"guidance":"FQ1-27 revenue $61.5B ± $1.5B; GAAP EPS $37.84 ± $1.00; non-GAAP EPS $38.15 ± $1.00; gross margin ~85.95% GAAP / ~86.25% non-GAAP","revenueYoy":"up from $11.32 billion in the prior-year quarter (~379% growth)","customDimensions":{"capex_net_q4":10774000000,"fy26_revenue":133188000000,"adjusted_fcf_q4":33199000000,"non_gaap_eps_q4":33.42,"adjusted_fcf_fy26":62308000000,"dividend_per_share":0.15,"gaap_net_income_q4":37701000000,"cash_and_investments":73480000000,"gaap_gross_margin_q4":"86.8%","operating_cash_flow_q4":43973000000,"fy26_revenue_prior_year":37378000000}},"quotedText":"Micron delivered record fiscal 2026 results, and we expect an even stronger fiscal 2027","namedEntities":{"people":[{"name":"Sanjay Mehrotra","role":"Chairman and CEO"},{"name":"Satya Kumar","role":"Investor Relations"},{"name":"Mark Plungy","role":"Media Relations"}],"products":["512GB DDR5 RDIMM (9,200 MT/s)","1-gamma 8,800 MT/s server RDIMM","SOCAMM server LPDDR","7600 PCIe Gen 5 SSD","9650 PCIe Gen 6 SSD","6600 ION SSD","6-channel 1-gamma LPDDR5X","4600 SSD","1-gamma LPDDR6"],"companies":[{"name":"Micron Technology, Inc.","ticker":"MU","relationship":"filer"}],"dollarAmounts":[{"amount":"$54.23 billion","context":"FQ4-26 revenue"},{"amount":"$133.19 billion","context":"FY26 revenue"},{"amount":"$37.70 billion","context":"FQ4-26 GAAP net income"},{"amount":"$43.97 billion","context":"FQ4-26 operating cash flow"},{"amount":"$62.31 billion","context":"FY26 adjusted free cash flow"},{"amount":"$73.48 billion","context":"cash, marketable investments, and restricted cash at year end"},{"amount":"$61.5 billion ± $1.5 billion","context":"FQ1-27 revenue guidance"},{"amount":"$0.15 per share","context":"quarterly dividend declared"},{"amount":"$10.77 billion","context":"FQ4-26 net capital expenditures"}]},"materialImpact":{"score":5,"reasoning":"FQ4 revenue of $54.23B was up ~379% YoY versus $11.32B, with GAAP EPS of $32.87 versus $2.83 a year ago — an order-of-magnitude earnings surprise. FQ1-27 guidance of $61.5B revenue and ~$38 EPS implies further sequential growth."},"tickerRelevance":{"others":[],"primary":"MU"},"globalImportance":92,"audienceRelevance":85,"eventTypeSecondary":["guidance_update","dividend"],"importanceComponents":{"tickerTier":"mega-cap","eventGravity":"record earnings with massive YoY surprise and strong guidance","sectorWeight":"semiconductors central to AI trade","retailFavoriteBoost":true}},"event_type":"earnings","event_type_secondary":["guidance_update","dividend"],"sentiment":"bullish","material_impact_score":5,"narrative":"Micron reported record FQ4-26 revenue of $54.23 billion, up from $11.32 billion a year earlier, with GAAP diluted EPS of $32.87 versus $2.83 in the prior-year quarter.\n\nFull-year FY26 revenue reached $133.19 billion versus $37.38 billion in FY25, with adjusted free cash flow of $62.31 billion and $73.48 billion in cash and investments at year end.\n\nGuidance for FQ1-27 calls for $61.5 billion ± $1.5B in revenue and non-GAAP EPS of $38.15 ± $1.00, implying continued sequential growth.\n\nThe board declared a $0.15 quarterly dividend, and management cited AI-driven 'Super Intelligence' demand and Strategic Customer Agreements as underpinning durable performance.","key_figures":{"eps":32.87,"revenue":54229000000,"guidance":"FQ1-27 revenue $61.5B ± $1.5B; GAAP EPS $37.84 ± $1.00; non-GAAP EPS $38.15 ± $1.00; gross margin ~85.95% GAAP / ~86.25% non-GAAP","revenueYoy":"up from $11.32 billion in the prior-year quarter (~379% growth)","customDimensions":{"capex_net_q4":10774000000,"fy26_revenue":133188000000,"adjusted_fcf_q4":33199000000,"non_gaap_eps_q4":33.42,"adjusted_fcf_fy26":62308000000,"dividend_per_share":0.15,"gaap_net_income_q4":37701000000,"cash_and_investments":73480000000,"gaap_gross_margin_q4":"86.8%","operating_cash_flow_q4":43973000000,"fy26_revenue_prior_year":37378000000}},"named_entities":{"people":[{"name":"Sanjay Mehrotra","role":"Chairman and CEO"},{"name":"Satya Kumar","role":"Investor Relations"},{"name":"Mark Plungy","role":"Media Relations"}],"products":["512GB DDR5 RDIMM (9,200 MT/s)","1-gamma 8,800 MT/s server RDIMM","SOCAMM server LPDDR","7600 PCIe Gen 5 SSD","9650 PCIe Gen 6 SSD","6600 ION SSD","6-channel 1-gamma LPDDR5X","4600 SSD","1-gamma LPDDR6"],"companies":[{"name":"Micron Technology, Inc.","ticker":"MU","relationship":"filer"}],"dollarAmounts":[{"amount":"$54.23 billion","context":"FQ4-26 revenue"},{"amount":"$133.19 billion","context":"FY26 revenue"},{"amount":"$37.70 billion","context":"FQ4-26 GAAP net income"},{"amount":"$43.97 billion","context":"FQ4-26 operating cash flow"},{"amount":"$62.31 billion","context":"FY26 adjusted free cash flow"},{"amount":"$73.48 billion","context":"cash, marketable investments, and restricted cash at year end"},{"amount":"$61.5 billion ± $1.5 billion","context":"FQ1-27 revenue guidance"},{"amount":"$0.15 per share","context":"quarterly dividend declared"},{"amount":"$10.77 billion","context":"FQ4-26 net capital expenditures"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T20:01:08.924Z","global_importance":92,"audience_relevance":85,"importance_components":{"tickerTier":"mega-cap","eventGravity":"record earnings with massive YoY surprise and strong guidance","sectorWeight":"semiconductors central to AI trade","retailFavoriteBoost":true}},"durationMs":8201,"modelName":"glm-5.3-flashx"}}