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Micron Earnings Calls
| Release date | Jun 24, 2026 |
| EPS estimate | $19.55 |
| EPS actual | - |
| Revenue estimate | 34.27B |
| Revenue actual | - |
| Expected change | +/- 3.62% |
| Release date | Mar 18, 2026 |
| EPS estimate | $9.19 |
| EPS actual | $12.20 |
| EPS Surprise | 32.75% |
| Revenue estimate | 19.967B |
| Revenue actual | 23.86B |
| Revenue Surprise | 19.50% |
| Release date | Dec 17, 2025 |
| EPS estimate | $3.96 |
| EPS actual | $4.78 |
| EPS Surprise | 20.71% |
| Revenue estimate | 12.907B |
| Revenue actual | 13.643B |
| Revenue Surprise | 5.70% |
| Release date | Sep 23, 2025 |
| EPS estimate | $2.86 |
| EPS actual | $3.03 |
| EPS Surprise | 5.94% |
| Revenue estimate | 11.217B |
| Revenue actual | 11.315B |
| Revenue Surprise | 0.87% |
Last 4 Quarters for Micron
Below you can see how MU performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 23, 2025 |
| Price on release | $166.41 |
| EPS estimate | $2.86 |
| EPS actual | $3.03 |
| EPS surprise | 5.94% |
| Date | Price |
|---|---|
| Sep 17, 2025 | $159.99 |
| Sep 18, 2025 | $168.89 |
| Sep 19, 2025 | $162.73 |
| Sep 22, 2025 | $164.62 |
| Sep 23, 2025 | $166.41 |
| Sep 24, 2025 | $161.71 |
| Sep 25, 2025 | $156.83 |
| Sep 26, 2025 | $157.27 |
| Sep 29, 2025 | $163.90 |
| 4 days before | 4.01% |
| 4 days after | -1.51% |
| On release day | -2.82% |
| Change in period | 2.44% |
| Release date | Dec 17, 2025 |
| Price on release | $225.52 |
| EPS estimate | $3.96 |
| EPS actual | $4.78 |
| EPS surprise | 20.71% |
| Date | Price |
|---|---|
| Dec 11, 2025 | $258.46 |
| Dec 12, 2025 | $241.14 |
| Dec 15, 2025 | $237.50 |
| Dec 16, 2025 | $232.51 |
| Dec 17, 2025 | $225.52 |
| Dec 18, 2025 | $248.55 |
| Dec 19, 2025 | $265.92 |
| Dec 22, 2025 | $276.59 |
| Dec 23, 2025 | $276.27 |
| 4 days before | -12.74% |
| 4 days after | 22.50% |
| On release day | 10.21% |
| Change in period | 6.89% |
| Release date | Mar 18, 2026 |
| Price on release | $461.73 |
| EPS estimate | $9.19 |
| EPS actual | $12.20 |
| EPS surprise | 32.75% |
| Date | Price |
|---|---|
| Mar 12, 2026 | $405.35 |
| Mar 13, 2026 | $426.13 |
| Mar 16, 2026 | $441.80 |
| Mar 17, 2026 | $461.69 |
| Mar 18, 2026 | $461.73 |
| Mar 19, 2026 | $444.27 |
| Mar 20, 2026 | $422.90 |
| Mar 23, 2026 | $404.35 |
| Mar 24, 2026 | $395.53 |
| 4 days before | 13.91% |
| 4 days after | -14.34% |
| On release day | -3.78% |
| Change in period | -2.42% |
| Release date | Jun 24, 2026 |
| Price on release | - |
| EPS estimate | $19.55 |
| EPS actual | - |
| Date | Price |
|---|---|
| May 28, 2026 | $923.52 |
| May 29, 2026 | $971.00 |
| Jun 01, 2026 | $1,034.74 |
| Jun 02, 2026 | $1,064.10 |
| Jun 03, 2026 | $1,079.57 |
Micron Earnings Call Transcript Summary of Q1 2026
Micron reported an outstanding start to fiscal 2026 with Q1 revenue of $13.6B (record), gross margin of 56.8%, and non-GAAP EPS of $4.78 — all above the high end of guidance. Revenue, DRAM and NAND, HBM and data center revenue, and every business unit set records. Demand is being driven by an accelerated AI data-center build-out and strong traction across servers, PCs, mobile, automotive, industrial, and enterprise SSDs. Micron says industry DRAM and NAND supply will remain substantially short of demand through and beyond calendar 2026, prompting Micron to increase fiscal 2026 CapEx to about $20B (from $18B) to expand HBM and 1-gamma capacity and to accelerate fab timelines (Idaho fab output now expected mid-2027). Micron completed price and volume agreements for its entire calendar 2026 HBM supply (including HBM4) and forecasts HBM TAM CAGR ~40% to ~$100B by 2028 (two years earlier than prior view). Technology ramps remain on track: 1-gamma DRAM and G9 NAND will drive 2026 bit growth, HBM4 ramp with high yields expected in 2H calendar 2026, and Micron emphasizes technology and quality leadership. Management guided Q2 revenue of $18.7B +/- $400M, gross margin ~68% +/-100bps, OpEx ~$1.38B, and EPS ~$8.42 +/- $0.20 — all record levels. They generated record quarterly free cash flow (~$3.9B), reduced debt, and returned to net cash. Management reiterated disciplined capital allocation while accelerating certain construction and equipment orders to address tight supply.
