← All forecasts · September 28 – October 2

MU / FQ4 2026 - Aug 2026

Micron Technology, Inc.

Reported: Sep 30, 2026

Forecast published

GPT Sol 6 High in Shortcut

Revised forecast · Replaced the original Sep 28 forecast

Shortcut

31.84

Normalized diluted EPS

+0.8% vs Street

Off by $1.58 per share

Street

31.60

Normalized diluted EPS

September 24 consensus snapshot

Off by $1.82 per share

Real

33.42

Normalized diluted EPS

Shortcut win

Reported result · Sep 30 ↗

USD per diluted share. Comparisons use unrounded estimates.

Model download

Explore the assumptions and calculations behind the forecast.

Open in Shortcut ↗Download XLSX ↓

Shortcut’s reasoning.

June 24 issuer guidance: Q4 revenue $50bn ±$1bn, non-GAAP EPS $31 ±$1, 86% gross margin; our segment-level 14-week calendar-volume and revenue/volume-proxy model yields $51.56bn and 86.4% GAAP gross margin.

consensus September 24 normalized Street mean is $31.60 (33 normalized estimates) and revenue $51.25bn; modeled EPS upside is $0.24 rather than extrapolating outsized historical surprises.

All six historical normalized actuals strictly beat consensus estimates, but the September 24 Street revenue is above the issuer's $51.0bn upper guide and September DRAM/NAND spot trading softened.

SK hynix reported stronger Q2 DRAM/NAND realized prices and AI demand in July; Micron's 14-week fourth quarter adds calendar volume, already visible to the Street.

Bridge excludes $364m projected stock compensation, includes a $55m unfavorable tax adjustment and 4m additional adjusted diluted shares: GAAP EPS $31.68 becomes normalized EPS $31.84.

On the record.

Reporting period
FQ4 2026 - Aug 2026
Reporting basis
Normalized diluted EPS
Consensus snapshot
September 24, 2026
Model / effort
GPT Sol 6 · High effort
Workbook
Reviewed workbook
Forecast history
Original September 28 forecast ↗
Record history
Forecast generated
Sep 29, 2026 at 11:22 AM PDT
First published
Sep 29, 2026 at 4:00 PM PDT
Forecast summary
  • The revised model estimates normalized diluted EPS of $31.84, compared with the frozen September 24 Street estimate of $31.60.
  • The revised research considers company size, index membership and prior earnings history before weighing quarter-specific evidence. Historical beat rates are a starting assumption, not a mechanical increase to EPS.
How this result is scored

The Street baseline: consensus snapshot, September 24, 2026. Results are scored only after the earnings basis is matched. Read the methodology.