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Micron Technology (MU) guidance and outlook

Micron Technology (MU) gave its guidance on Sep 30, 2026: Revenue $60.0B–$63.0B for Q1 2027; Revenue $60.0B–$63.0B for Q1 2027; Gross margin 85.95% for Q1 2027; Gross margin 86.25% for Q1 2027. Micron Technology's 10-K filed Oct 9, 2026 makes 26 forward-looking statements, 14 of them new and 3 no longer said since the filing before.

Guidance and outlook

Latest guidance

From the earnings release filed Sep 30, 2026 (8-K on EDGAR).

Forward-looking statements, 10-K filed Oct 9, 2026

• In the third and fourth quarters of 2026, we entered into, and expect to continue to enter into, strategic customer agreements.
• We expect gross margins from our strategic customer agreements with price bands, even at floor pricing levels, to yield gross margins meaningfully above our peak quarterly margins in any past cycle.
• Accordingly, we believe these agreements accelerate the transformation of our business model and will significantly enhance the durability and predictability of our financial performance.
• updated · As of September 3, 2026, we had purchase obligations of approximately $4.18 billion for the acquisition of property, plant, and equipment, substantially all of which is expected to be paid within one year.
• In addition to the supply capacity we generate through our proprietary product and process technology that increases bit density per wafer, we will need to add new DRAM wafer capacity to support projected memory demand in the second half of the decade and beyond.
• Following the enactment of the CHIPS Act, we announced plans to invest in leading-edge memory manufacturing sites in Idaho and New York, based on CHIPS Act support through grants and investment tax credits.
• Construction activities for the second Idaho fab began in 2026, and we expect initial wafer output by late calendar 2028.
• new · We expect initial wafer output in calendar 2030.
• We expect these new fabs to be key to meeting our requirements for additional wafer capacity, in line with industry demand trends and our objective of maintaining stable bit share.
• The grants under the funding agreements represent total CHIPS Act grants of up to $6.4 billion in connection with our U.S. manufacturing expansion and modernization projects.
• In addition, we announced plans to bring advanced HBM packaging capabilities to the United States.
• new · • Japan: We broke ground in July 2026 on a new cleanroom project at our Hiroshima manufacturing facility as part of our ongoing modernization efforts to support future DRAM technology transitions, including HBM and other AI-driven memory products.

Micron Technology's latest quarter

Questions

Did Micron Technology raise or lower its guidance?

Micron Technology (MU) gave its guidance on Sep 30, 2026: Revenue $60.0B–$63.0B for Q1 2027; Revenue $60.0B–$63.0B for Q1 2027; Gross margin 85.95% for Q1 2027; Gross margin 86.25% for Q1 2027.

What does Micron Technology expect?

As of September 3, 2026, we had purchase obligations of approximately $4.18 billion for the acquisition of property, plant, and equipment, substantially all of which is expected to be paid within one year. We expect initial wafer output in calendar 2030. • Japan: We broke ground in July 2026 on a new cleanroom project at our Hiroshima manufacturing facility as part of our ongoing modernization efforts to support future DRAM technology transitions, including HBM and other AI-driven memory products.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.