Micron Technology, Inc. (MU) Earnings Call Transcripts
Micron Technology, Inc.'s Latest Earnings Call - October 21, 2026
In the fourth quarter of fiscal year 2026, Micron Technology, Inc. reported revenues of $7.5 billion, which was a slight miss compared to the $7.8 billion consensus estimate, reflecting a 5% decline year-over-year. The company posted earnings per share (EPS) of $1.10, beating estimates by $0.05. Management emphasized the ongoing transformation driven by AI, indicating that memory demand will continue to grow significantly, particularly in data centers and edge applications. They maintained their guidance for the upcoming quarter, projecting revenues between $7.2 billion and $7.6 billion, signaling confidence in their product roadmap and market positioning.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $7.5B (miss) |
| EPS | $1.10 (beat) |
| Guidance Revenue Range | $7.2B - $7.6B (inline) |
| NAND Bit Density Improvement | 2x (positive) |
| HBM Bandwidth | 2.8 TB/s (positive) |
| R&D Investment | $10B over 10 years (positive) |
Guidance from management
Micron maintained its revenue guidance for Q1 2027, projecting a range of $7.2 billion to $7.6 billion, indicating confidence in their product pipeline and market demand.
What analysts pressed on
Analysts expressed concerns regarding the potential impact of rising memory costs on customer pricing strategies and the scalability of new technologies. There was also discussion about how different workloads might affect memory requirements, particularly in AI applications.
Main topics on the call
- AI-Driven Memory Demand — Management highlighted that AI is reshaping memory and storage requirements, stating, "We are in an unprecedented position in time with an opportunity for memory and storage in particular." They expect significant increa...
- Product Roadmap and Innovation — Micron's focus on technology leadership was reiterated, with Scott DeBoer stating, "Micron is positioned to really extend our technology and product leadership in the next decade." They are investing heavily in R&D to en...
- Challenges in Memory Scaling — Management discussed the complexities of scaling memory technology, particularly with 4F Square DRAM, asserting, "There are fundamental problems with 4F Square scaling that ultimately will lead to 3D DRAM coming in." Thi...
- Strong Partnerships with Customers — Micron emphasized the importance of co-innovation with customers, stating, "Our connections into the ecosystem are growing, and we're going to continue to expand that." This focus on collaboration is expected to drive fu...
Read the full Micron Technology, Inc. transcript (October 21, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Micron Technology, Inc.
Micron Technology, Inc. (MU) is a publicly listed company in the Semiconductors and Semiconductor Equipment industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 97 calls on record spanning January 7, 2020 to October 21, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 97 Micron Technology, Inc. earnings call transcripts on record, spanning January 7, 2020 to October 21, 2026. Based on this history, Micron Technology, Inc. reports quarterly. The most recent call on file is dated October 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- MU
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Calls on record
- 97
- First call
- January 7, 2020
- Most recent
- October 21, 2026
- Reporting cadence
- quarterly