Micron (MU) Reports $54.23 Billion Quarter, Up 379% Year Over Year

$54.23 Billion Quarter

Micron Technology (MU) closed its fiscal fourth quarter with $54.23 billion in revenue, according to the earnings release filed on Wednesday, a 379% climb from the year-earlier period and roughly $3.1 billion clear of the $51.07 billion analysts had forecast for the three months ended Sept. 3. The surge came from AI data center demand, which lifted all four of the company's business units in the same quarter. Micron Technology produces the memory chips that hold data while AI processors work on it, and its Core Data Center segment captured that shift most visibly: revenue there reached $18 billion, up from $1.58 billion a year ago, while the Cloud Memory unit brought in $16.28 billion.

Adjusted earnings per share landed at $33.42 against a $31.61 estimate. Net income under standard accounting rules reached $37.70 billion, compared with $3.20 billion in the same quarter last year. Gross profitability moved even further: Micron Technology (MU) kept 87 cents of every sales dollar after production costs, up from about 46 cents a year earlier. The earnings breakdown shared by Wall St Engine on X confirms the beat across revenue, EPS and margin. Shares had closed at $1,065.08 before the print and traded near $1,068.90 after hours, up 0.36%, shortly after the release. Management discusses the results and outlook on its earnings call at 4:30 p.m. EDT on Wednesday.

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Customers Prepay $12.75 Billion for Supply

Looking ahead, the company guided fiscal first-quarter 2027 revenue to $61.5 billion, plus or minus $1.5 billion, against a $57.02 billion consensus estimate. The adjusted EPS guide of $38.15, within a $1.00 band, also cleared the $35.40 analysts had pencilled in. One line came in slightly soft: gross margin guidance of about 86.25% sat just below the 86.4% estimate. The filings behind the results show customers deposited $12.75 billion under long-term supply contracts during fiscal 2026, with most of that money arriving in the final quarter, an arrangement that ties buyers to Micron's output well beyond the current quarter. Chief executive Sanjay Mehrotra linked the outlook directly to those deals, saying in a statement that the Strategic Customer Agreements "provide added confidence in the durability" of the company's financial performance.

Not every large investor is convinced. Michael Burry, the "Big Short" investor, disclosed put options on Micron this week, a position structured to pay off if the shares fall. Chip stocks had also slid earlier this month on fears of an AI spending slowdown, and analysts circulated fresh price targets for the memory maker last week as Taiwan's chip exports hit a record. The tension between contractual demand visibility and that bearish positioning now frames how the market prices the stock after the print.

$1,050 Support Next for Micron Shares

COINOTAG data shows Micron (MU) last at $1,055.02, down 1.62% over the past 24 hours, sitting just above its strongest composite support. That level, $1,049.99, scores 79/100 on COINOTAG's composite, where the 20-day EMA, a Fibonacci 0.618 retracement and the S1 pivot converge. First resistance stands at $1,112.44, rated 59/100 by the Keltner upper band, R3 and a Fibonacci 0.786 level. RSI reads 55.8, the MACD signal is bullish and the daily trend remains an uptrend. In positioning, the perpetual futures funding rate stands at 0.0267% with open interest of $170.66 million. A daily close back above $1,112.44 would confirm the post-earnings advance; losing $1,049.99 would invalidate it.