Micron F4Q26 Revenue Hits $54.23B, Beats Consensus With 87% Gross Margin
McDonaghMatthew · x · 2026-10-01
Micron delivered a clean F4Q26 beat: revenue of $54.23B vs. $51.49B consensus, 87.0% adjusted gross margin, and 82.3% operating margin. Cloud Memory led at $16.28B on record datacenter demand; Mobile/Client hit $13.11B and Auto/Embedded surged to $6.82B vs. $4.73B expected. Results were fueled by 20% sequential ASP hikes across DRAM and NAND, with HBM4 ramping 2x faster than prior generations and CY27 supply expected even tighter.
Related event: Micron's FY26 Q4 Revenue Soars 379% to $54.2B, Guidance Beats Again(9 posts)→
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