Micron earned $3.03 a share a year ago. Wall Street now wants $31.16. Will it clear that bar when it reports Sept 30?
60% of users predicted YES — the community got this one right. 15 predictions cast.
Micron Technology reported fiscal fourth-quarter results after markets closed on September 30, 2026, posting adjusted earnings of $33.42 a share against a Wall Street consensus near $31.61, according to Bloomberg and CNBC. Revenue reached $54.23 billion, topping the roughly $51.07 billion analysts had projected. The beat was driven by surging demand for memory chips used in AI data center infrastructure, with data center revenue climbing roughly elevenfold year over year as supply struggled to keep pace with orders. Micron also issued stronger-than-expected guidance for its fiscal first quarter, projecting revenue near $61.5 billion versus estimates around $56.8 billion, and adjusted profit near $38.15 a share versus a $36.02 estimate.
The results marked a sharp rebound from the $3.03 a share Micron earned a year earlier, reflecting the memory market's recovery as AI investment accelerated chip demand and pricing through 2026. The community predicted correctly: 60 percent of forecasters expected Micron to clear the bar, and it did so comfortably, extending a string of beats tied to the AI buildout among chipmakers and cloud providers.