Micron Q4'26 Record Guidance — Revenue $50B · Margin ~80% · Triple Beat
Published · Updated · By Investus editorial desk (SUNRYU Partners)
Micron guided Q4 FY2026 to record revenue ~$50B and gross margin ~80%. EPS, revenue, and guidance all beat. AI HBM demand is driving the supercycle.
Q3 Results (Triple Beat)
• EPS: ✅ BEAT
• Revenue: ✅ BEAT
• Q4 Guidance: ✅ BEAT
Q4 FY2026 Guidance
• Revenue target: ~$50B (all-time record)
• Gross margin: ~80%
• Significantly above prior consensus
AI HBM Demand is the Driver
• Nvidia Gross Margin 74.9%
• Micron HBM3E: essential AI server component
• H200/GB300 GPU HBM demand explosion
• Supply shortage → price increase → margin improvement virtuous cycle
Profitability Structure
• Revenue $50B × margin 80% = $40B operating profit
• Single quarter all-time record profit if achieved
• AI memory supercycle officially entered
Investment Implications
MU surprise = AI infrastructure CapEx continuation signal
TSLA Colossus / SPCX AI datacenter demand confirmed
Sources & further reading
See the body and ticker IR links for sources on this note.
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Disclaimer
This article is editorial research for informational purposes only. It is not investment advice, a recommendation, or a solicitation to buy or sell any security, and does not guarantee any return. Markets carry risk of loss. Verify figures against the primary sources before making decisions.