Micron Technology CFO Mark Murphy said on an earnings call that the company expects revenue of $61.5 billion and earnings per share of $38.15 in the first quarter of fiscal 2027, with both continuing to rise from the prior quarter. He also said that quarter will mark the low point for Micron’s gross margin for the full 2027 fiscal year, with margins expected to improve gradually in later quarters. Murphy added that Micron has signed 26 long-term agreements that lock in about $150 billion in long-term orders. On supply and demand, he said memory market conditions in 2027 and 2028 will be tighter than in 2026, adding that he sees no end to when supply and demand will return to balance, according to Sina Finance.
Micron Technology (MU.O) CFO Mark Murphy said on the company’s earnings call that revenue in the first quarter of fiscal 2027 will reach $61.5 billion, while earnings per share will come in at $38.15. He said both figures will continue to climb from the previous quarter.
Murphy also said that quarter will be the low point for Micron’s gross margin in the full 2027 fiscal year, with gross margin expected to recover gradually in each quarter after that.
He added that Micron has signed 26 long-term agreements, locking in about $150 billion in long-term orders. On industry conditions, Murphy said supply and demand in the memory market in 2027 and 2028 will be tighter than in 2026, adding that he can see no end to when supply and demand will return to balance, according to Sina Finance.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
