Micron
Micron Technology, Inc. – CommonNext Earnings Date: September 22 – 29, 2026
Q4 FY2026 Revenue & Profit Expectations: Following record-breaking Q3 results ($41.46 billion revenue, $25.11 EPS), management and analysts expect another massive surge for Q4:
- Expected Revenue: ~$50.0 Billion (Management guided $49.0B – $51.0B).
- YoY Revenue Growth:* ~390%+ YoY (compared to $10.2B in Q4 FY25).
Micron is using its AI-driven cash glut to reinvest heavily in global fab capacity (Idaho, New York, Taiwan, Japan) to meet sold-out HBM demand, while simultaneously raising dividends and expanding share buybacks.
Massively Scaling CapEx (The Primary Focus). The vast majority of Micron’s cash flow is being reinvested to build out next-generation manufacturing capacity and advanced packaging.
- Record CapEx Budget: Micron has aggressively scaled its Fiscal 2026 CapEx projection to ~$27 billion (up from initial $18B–$20B guidance) and expects quarterly CapEx in Fiscal 2027 to remain elevated above $10B per quarter.
- U.S. Mega-Fabs:
* Boise, Idaho: Accelerating construction of its leading-edge DRAM fabs. First wafer output was pulled forward to mid-2027.
* Clay, New York: Groundbreaking on its multi-decade, $100B mega-fab complex to secure long-term U.S. DRAM supply.
- Global Capacity & M&A:
* Acquired a fabrication facility from PSMC in Taiwan (~$1.8B) to rapidly expand DRAM wafer production.
* Expanding cleanrooms and advanced packaging capacity in Singapore, Taiwan, and Japan to handle HBM4 assembly.
