Micron Technology, Inc. · MU · Next earnings

Micron Technology, Inc. reports Wednesday, Dec 23, 2026

MU reports after market close with consensus EPS at $38.20 and revenue at $61.72B. Last quarter: Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead

Reports After market close48 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $38.20 Calendar consensus
Consensus revenue $61.72B Calendar consensus
Report date Dec 23, 2026 Wednesday, date estimated
Session After market close 48 days away

Where MU left off: FY2026 Q4

Full report

Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead

EPS surprise +5.4% Reported $33.42 vs $31.72
Revenue surprise +5.6% Reported $54.23B vs $51.33B
Stock move +0.0% Event window
Subsequent drift 0.0% Up to 20 sessions

Management maintained its outlook. The analysis points to expected FY27 margin expansion from price increases and product mix, while noting that pricing is expected to moderate later.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Memory pricing could moderate and pressure revenue or margins later.
  • Clean-room construction lead times may constrain supply growth and execution.
  • Uncertain AI workload adoption and advancing Chinese memory technology could weigh on demand or competitiveness.

Questions analysts left open

  • Margin outlook for FY28 and the assumptions behind it
  • HBM total addressable market, pricing, and Micron’s target share
  • Competitive pressure from advancing Chinese memory technology

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Recent MU quarters

All MU earnings
+0.0%FY2026 Q4+15.7%FY2026 Q3-3.8%FY2026 Q2+10.2%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q4

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.