MU: Expectations vs Outcomes

Not on the calendar yet

No implied move was quoted for this print, so it is tracked on the guidance axis only.

Guided $61.5bn +/- $1.5bn, about 86.25% and $38.15 +/- $1.00 at the September 30, 2026 release, for the 13-week quarter ending December 3, 2026. Consensus figures are LSEG at the time of the guide (CNBC, Reuters), not a later survey. The margin guide is the first in this run set below the quarter just reported (87.0%).

Report date not yet announced; Micron usually reports this quarter in the third week of December.

Micron FQ4 FY2026 release: revenue $54,229m, non-GAAP GM 87.0%, non-GAAP EPS $33.42; FQ1 FY2027 guide set hereReuters: $61.5bn +/- $1.5bn vs $57.02bn average estimateCNBC: $33.42 vs $31.61 and $54.23bn vs $51.07bn expected (LSEG)

Reported 2026-09-30 (after close) · reaction session 2026-10-01

Implied

±7.6%

struck at the prior close, 2026-09-29

Realised

n/a

not yet measured

Ratio

n/a

Rolling

n/a

after 0 scored

Guided $50.0bn +/- $1.0bn, about 86% and $31.00 +/- $1.00 at the June 24, 2026 release, for a 14-week quarter ending September 3, 2026. Street revenue of $51.07bn (LSEG) sits $70m above the top of the range; Yahoo Finance's 35-analyst average is $51.51bn. Printed $54.23bn, $33.42 and 87.0% on September 30, 2026, above the top of all three ranges: revenue 8.5% over the midpoint and 6.2% over LSEG.

Implied from last trades in the October 2 $1,065 call ($40.72) and put ($40.06) at the September 29 close, $80.78 against a $1,065.08 close. Last trades rather than bid/ask mids, so confidence is medium. This site's calendar computed 8.5% from the $1,080 straddle against $1,082.28 on September 25, and 10.9% was logged on September 16 at $929.

Yahoo Finance options chain, October 2 expiry, last trades at the closeOur Micron earnings expectations trackerMicron FQ3 FY2026 release: revenue $41,456m, non-GAAP GM 84.9%, non-GAAP EPS $25.11; FQ4 guide set hereCNBC preview: LSEG expects $31.61 on $51.07bnMicron FQ4 FY2026 release: revenue $54,229m, non-GAAP GM 87.0%, non-GAAP EPS $33.42; FQ1 FY2027 guide set hereCNBC: $33.42 vs $31.61 and $54.23bn vs $51.07bn expected (LSEG)Yahoo Finance: 33-analyst average $31.82

• 2026-09-30: guidance.metrics[*].actual, Filled from Micron's September 30, 2026 release, cross-checked against CNBC and Reuters.

Reported 2026-06-24 (after close) · reaction session 2026-06-25

No implied move was quoted for this print, so it is tracked on the guidance axis only.

Guided $33.5bn +/- $750m, about 81% and $19.15 +/- $0.40 at the March 18, 2026 release; the margin guide was a point figure. All three landed above, EPS by 31.1% over the midpoint and 21.4% over the Yahoo Finance consensus of $20.69. Revenue consensus is LSEG via CNBC ($35.84bn). Other vendors carried EPS consensus from $20.39 to $21.39, which is why pieces on this site quote beats of 18.6% to 21%.

No implied move was sourced for this print. Next-day close +15.74%, five-session close -1.55%, on the tracker article.

Micron FQ2 FY2026 release: revenue $23.86bn, non-GAAP GM 74.9%, non-GAAP EPS $12.20; FQ3 guide set hereMicron FQ3 FY2026 release: revenue $41,456m, non-GAAP GM 84.9%, non-GAAP EPS $25.11; FQ4 guide set hereCNBC: $41.46bn vs $35.84bn expected (LSEG)Our Micron earnings expectations tracker

Reported 2026-03-18 (after close) · reaction session 2026-03-19

No implied move was quoted for this print, so it is tracked on the guidance axis only.

Guided $18.7bn +/- $400m, 68.0% +/- 1.0% and $8.42 +/- $0.20 at the December 17, 2025 release. All three landed above the range, revenue by 27.6% over the midpoint. Revenue consensus is LSEG via CNBC ($20.07bn); EPS consensus is the Yahoo Finance average ($9.16), against LSEG's $9.31.

No implied move was sourced for this print. Next-day close -3.78%, five-session close -17.25%, on the tracker article, after the largest next-quarter guide gap of the four (+37.9% over LSEG).

Micron FQ1 FY2026 release: revenue $13.64bn, non-GAAP GM 56.8%, non-GAAP EPS $4.78; FQ2 guide set hereMicron FQ2 FY2026 release: revenue $23.86bn, non-GAAP GM 74.9%, non-GAAP EPS $12.20; FQ3 guide set hereCNBC: $12.20 vs $9.31 and $23.86bn vs $20.07bn expected (LSEG)Our Micron earnings expectations tracker

Reported 2025-12-17 (after close) · reaction session 2025-12-18

No implied move was quoted for this print, so it is tracked on the guidance axis only.

Guided $12.5bn +/- $300m, 51.5% +/- 1.0% and $3.75 +/- $0.15 at the September 23, 2025 release. All three landed above the range. Revenue consensus is LSEG via CNBC ($12.84bn); EPS consensus is the Yahoo Finance average ($3.96), against LSEG's $3.95.

No implied move was sourced for this print. Next-day close +10.21%, five-session close +27.12%, on the tracker article.

Micron FQ4 FY2025 release: revenue $11,315m, non-GAAP GM 45.7%, non-GAAP EPS $3.03; FQ1 FY2026 guide set hereMicron FQ1 FY2026 release: revenue $13.64bn, non-GAAP GM 56.8%, non-GAAP EPS $4.78; FQ2 guide set hereCNBC: $4.78 vs $3.95 and $13.64bn vs $12.84bn expected (LSEG)Our Micron earnings expectations tracker

Reported 2025-09-23 (after close) · reaction session 2025-09-24

No implied move was quoted for this print, so it is tracked on the guidance axis only.

The range is Micron's August 11, 2025 mid-quarter update, which raised the June guide of $10.7bn +/- $300m, 42.0% and $2.50 +/- $0.15. Against the original June range every line landed above; against the update, revenue landed $15m above the $11.3bn top, and EPS and gross margin also landed above. Revenue consensus is LSEG via CNBC ($11.22bn); EPS consensus is the Yahoo Finance average ($2.86), which LSEG matched.

No implied move was sourced for this print. The stock-reaction columns (+1 hour after-hours, next-day close -2.82%, five-session close +0.55%) live on the tracker article, which this dataset does not carry for untracked rows.

Micron's August 11, 2025 update raising the FQ4 FY2025 guide to $11.2bn +/- $100m, 44.5% +/- 0.5%, $2.85 +/- $0.07Micron FQ4 FY2025 release: revenue $11,315m, non-GAAP GM 45.7%, non-GAAP EPS $3.03; FQ1 FY2026 guide set hereCNBC: $3.03 vs $2.86 and $11.32bn vs $11.22bn expected (LSEG)Our Micron earnings expectations tracker