
Micron Technology (MU) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Micron Technology (MU) last issued guidance on September 30, 2026 for Q1 2027. The company guided earnings per share in the range of $37.15 - $39.15, compared to a consensus EPS estimate of $35.36. Micron Technology also guided revenue in the range of $60B - $63B for the period.
Compared to prior guidance, Micron Technology raised its revenue forecast from a prior range of $49B - $51B.
Micron Technology has issued 18 guidance updates between December 21, 2022 and September 30, 2026. During this period, the company raised its outlook 15 times and lowered it 2 times, providing investors with insight into management's evolving expectations.
| Metric | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $31.50 | $20.20 | $8.60 | $3.82 |
| Actual | $33.42 | $25.11 | $12.20 | $4.78 |
| Surprise | +6.10% | +24.3% | +41.9% | +25.1% |
| Revenue | ||||
| Estimate | $51.13B | $35.01B | $19.18B | $12.81B |
| Actual | $54.23B | $41.46B | $23.86B | $13.64B |
| Surprise | +6.06% | +18.4% | +24.4% | +6.49% |
| Metric | Q1 '27E | Q2 '27E | Q3 '27E |
|---|---|---|---|
| Earnings Per Share (Non-GAAP) | |||
| Consensus | $35.36 | $37.84 | $41.08 |
| Revenue | |||
| Consensus | $57.24B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q4 | Sep 30, 2026 | $33.42 | $31.50 | 6.10 % |
| Q3 | Jun 24, 2026 | $25.11 | $20.20 | 24.3 % |
| Q2 | Mar 18, 2026 | $12.20 | $8.60 | 41.9 % |
| Q1 | Dec 17, 2025 | $4.78 | $3.82 | 25.1 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q4 | Sep 30, 2026 | $54.23B | $51.13B | 6.06 % |
| Q3 | Jun 24, 2026 | $41.46B | $35.01B | 18.4 % |
| Q2 | Mar 18, 2026 | $23.86B | $19.18B | 24.4 % |
| Q1 | Dec 17, 2025 | $13.64B | $12.81B | 6.49 % |