{"id":439153,"date":"2026-10-01T03:09:57","date_gmt":"2026-09-30T20:09:57","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/micron-beats-on-revenue-and-eps-guides-first-quarter-revenue-well-above-estimates-439153\/"},"modified":"2026-10-01T03:09:57","modified_gmt":"2026-09-30T20:09:57","slug":"micron-beats-on-revenue-and-eps-guides-first-quarter-revenue-well-above-estimates","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/micron-beats-on-revenue-and-eps-guides-first-quarter-revenue-well-above-estimates-439153\/","title":{"rendered":"Micron beats on revenue and EPS, guides first-quarter revenue well above estimates"},"content":{"rendered":"<div>\n<p dir=\"ltr\"> The guidance matters more than the quarter itself, because it suggests memory demand and pricing are running ahead of what the market had priced in. A first-quarter revenue outlook well above consensus is likely to keep attention on chipmakers tied to data-centre spending. Asian memory producers, which often trade in sympathy with Micron&#8217;s read on pricing, are also in focus. The softer guided gross margin is the one detail that could temper enthusiasm, so call commentary on supply, pricing and capital spending will shape how the shares and the wider sector react.<\/p>\n<p dir=\"ltr\">&#8211;<\/p>\n<p dir=\"ltr\">Micron beat on every headline measure and guided revenue sharply higher, with automotive and embedded the standout and a slightly lighter margin outlook the only blemish.<\/p>\n<p dir=\"ltr\">Summary:<\/p>\n<ul dir=\"ltr\">\n<li>Fourth-quarter adjusted revenue was around $54.2 billion, against expectations of roughly $51 billion.<\/li>\n<li>Adjusted EPS came in near $33.40, ahead of estimates of a little under $32.<\/li>\n<li>Adjusted gross margin was 87%, versus an expected 86.2%.<\/li>\n<li>Cloud Memory revenue was about $16.3 billion (expected $15.1 billion), Mobile &amp; Client about $13.1 billion (expected $13.0 billion), and Automotive &amp; Embedded about $6.8 billion (expected $4.7 billion).<\/li>\n<li>First-quarter revenue is guided to $60 billion to $63 billion, against expectations of around $57 billion.<\/li>\n<li>First-quarter adjusted EPS is guided to roughly $37 to $39, against expectations of about $35.40 to $36, while the guided gross margin of around 86% is below the 87% expected.<\/li>\n<\/ul>\n<p dir=\"ltr\">Micron Technology reported fourth-quarter results that beat analyst expectations on revenue, earnings and margin, and followed them with a first-quarter outlook well ahead of consensus. Adjusted revenue was around $54.2 billion, compared with estimates of roughly $51 billion, while adjusted earnings per share of near $33.40 were above forecasts of a little under $32.<\/p>\n<p dir=\"ltr\">Profitability also held up strongly. Adjusted gross margin came in at 87%, slightly better than the 86.2% the market was looking for, suggesting the revenue upside was not bought at the expense of pricing or cost discipline.<\/p>\n<p dir=\"ltr\">The segment breakdown showed strength across the business, with the largest surprise outside the core memory franchise. Automotive and Embedded revenue reached about $6.8 billion, far above expectations of roughly $4.7 billion, a gap of more than 40%. Cloud Memory revenue of about $16.3 billion beat the $15.1 billion estimate by a little over $1 billion, while Mobile &amp; Client sales of around $13.1 billion were only modestly ahead of the $13.0 billion forecast. That pattern points to demand that is broadening rather than resting on a single end market, although a single quarter is not enough to call it a trend.<\/p>\n<p dir=\"ltr\">The forward guidance carried the most weight. Micron expects first-quarter revenue of $60 billion to $63 billion, with a midpoint of $61.5 billion, compared with consensus of around $57 billion. It guided adjusted EPS of about $37 to $39, also above expectations in the $35 to $36 area. Guidance at that level implies sequential revenue growth of more than 10% at the midpoint, a fast pace for a company of this size.<\/p>\n<p dir=\"ltr\">One detail runs against the otherwise strong tone. The guided first-quarter gross margin of around 86% sits below the 87% analysts had expected, and is slightly under the 87% just reported. The shortfall is small, but it means investors will look to management commentary for an explanation, whether that is product mix, costs or pricing assumptions.<\/p>\n<p dir=\"ltr\">Attention now turns to the earnings call, where comments on supply, pricing and capital spending plans are likely to shape how the market reads both the beat and the outlook.\u00a0<\/p>\n<p dir=\"ltr\">\n<p>                            This article was written by Eamonn Sheridan at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The guidance matters more than the quarter itself, because it suggests memory demand and pricing are running ahead of what the market had priced in. A first-quarter revenue outlook well above consensus&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439153","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439153"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439153\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}