stock buybacks

Micron Techno

2026-10-01 02:37:03

Micron CFO says fiscal Q1 2027 revenue to hit $61.5 billion, flags higher shareholder returns

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 results continuing to rise sequentially. He also said that quarter will mark the low point for Micron’s gross margin in fiscal 2027, with margins expected to improve in subsequent quarters. Murphy said Micron has signed 26 long-term agreements covering about $150 billion in long-term orders. He added that supply and demand in the memory market in 2027 and 2028 will be tighter than in 2026, and said the company does not see an end point for the market returning to balance. Micron expects capital expenditures of about $25 billion in the first half of fiscal 2027, with spending set to be higher in the second half. Most of the incremental spending will go toward new wafer fabs, specifically construction, rather than only equipment purchases. Murphy also said Micron generated $44 billion in operating cash flow and $33.2 billion in free cash flow in the fourth quarter of fiscal 2026, and plans to increase capital returns starting Dec. 9, 2026, mainly through stock buybacks.

Micron CFO says fiscal Q1 2027 revenue to hit $61.5 billion, flags higher shareholder returns

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