Post-earnings recap
Reported
Wed, Sep 30, 2026
EPS actual
$33.42
EPS est.
$31.41
EPS surprise
+6.42%
1-day move
+0.00%
Micron's strong earnings, driven by AI demand and higher selling prices, reflect a positive outlook for the company. The stock reaction remained unchanged at 0.0%, indicating that investors are digesting the results without immediate concern. The guidance for the next quarter suggests continued growth, which may bolster investor confidence moving forward.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $33.42 | N/A | +6.42% |
| Revenue | $54.23 billion | N/A | N/A |
| Operating Cash Flow | $43.97 billion | N/A | N/A |
| Core Data Center Revenue | $18.00 billion | N/A | N/A |
Management expressed confidence in the strong demand for AI-related products, which significantly contributed to revenue growth. They highlighted the increase in operating cash flow and the strategic agreements that position the company well for future production.
Q4-2026 revenue was driven by AI-related demand.
Non-GAAP EPS reflects higher selling prices.
We have secured 26 Strategic Customer Agreements covering 35% of production volume through 2030.
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