{
  "id": 11037700,
  "title": "Earnings call transcript: Micron tops Q4 2026 estimates as demand stays hot",
  "url": "https://urgent.news/2026/09/30/earnings-call-transcript-micron-tops-q4-2026-estimates-as-demand",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T21:46:41.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-micron-tops-q4-2026-estimates-as-demand-stays-hot-93CH-4925992"
  },
  "original_language": "en",
  "account": "Micron Technology reported fourth-quarter 2026 results that surpassed Wall Street expectations in both revenue and profit, but the company's shares declined in after-hours trading due to concerns over the company's heavy spending plans. The memory-chip maker disclosed adjusted earnings of $33.42 per share, surpassing the $31.16 forecast, and revenue of $54.23 billion, exceeding the $50.45 billion estimate. The stock fell 0.78% after hours to $1,056.75, down from its previous closing price of $1,066.10.\n\nMicron disclosed fiscal fourth-quarter revenue of $54.2 billion, marking the sixth consecutive quarterly sales record. Adjusted earnings per share (EPS) of $33.42 exceeded estimates by 7.25%, while revenue surpassed expectations by 7.49%. Management highlighted the persistent demand for memory and storage, with supply conditions expected to remain tight in fiscal years 2027 and 2028. The company also emphasized the growing importance of its HBM, DRAM, and data center SSD businesses, all of which are linked to artificial intelligence growth.\n\nDespite the strong results, the stock's decline after hours indicates that investors are focusing on Micron's rising capital spending and costs alongside its solid performance. The quarter marked a record year for the company, with fiscal 2026 revenue reaching $133.2 billion, a 256% increase year-over-year, and diluted earnings per share rising 811% to $75.52. Gross margin expanded to 81.1%, up from 41.1% in fiscal 2025. Operating income reached $44.6 billion, with an operating margin of 82.3%.\n\nMicron's revenue growth was driven by stronger pricing and demand across DRAM and NAND products, with a 31% sequential increase and a 379% year-over-year rise. The company's business mix shifted towards high-value products, with the core data center business unit generating $18 billion in quarterly revenue, a 56% increase from the previous quarter, and cloud memory sales totaling $16.3 billion. Mobile and client revenue reached $13.1 billion, while automotive and embedded revenue totaled $6.8 billion.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
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        "title": "New World to hand over 11 Skies project in April",
        "url": "https://urgent.news/2026/09/30/new-world-to-hand-over-11-skies-project-in-april",
        "published": "2026-09-30T14:28:09.000Z"
      },
      {
        "outlet": "SCMP Business",
        "title": "New World Development posts HK$26.8b loss after 11 Skies termination",
        "url": "https://urgent.news/2026/09/30/new-world-development-posts-hk-26-8b-loss-after-11-skies-termination",
        "published": "2026-09-30T14:46:27.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: New World Development posts first profit in 3 years in H2 2026",
        "url": "https://urgent.news/2026/09/30/earnings-call-transcript-new-world-development-posts-first-profit-in",
        "published": "2026-09-30T17:05:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}