HighGravityDataMicron Technology — Jun 24, 2026 release
Fiscal 2026 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000723125-26-000013
Showing in the filing
Operating expenses (Non-GAAP)
“Approximately $1.65 billion”
Period
Q4 FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 14
Quarterly dividend for FY2026
“$0.15 per share”
Revenue for Q4 FY2026
“$50.0 billion ± $1.0 billion”
Revenue (Non-GAAP Outlook) for Q4 FY2026
“$50.0 billion ± $1.0 billion”
Gross margin for Q4 FY2026
“Approximately 86%”
Gross margin (Non-GAAP Outlook) for Q4 FY2026
“Approximately 86%”
Operating expenses (GAAP Outlook) for Q4 FY2026
“Approximately $1.86 billion”
Operating expenses (GAAP) for Q4 FY2026
“Approximately $1.86 billion”
Operating expenses (Non-GAAP Outlook) for Q4 FY2026
“Approximately $1.65 billion”
Operating expenses (Non-GAAP) for Q4 FY2026
“Approximately $1.65 billion”
Diluted earnings per share (GAAP Outlook) for Q4 FY2026
“$30.73 ± $1.00”
Diluted earnings per share (GAAP) for Q4 FY2026
“$30.73 ± $1.00”
Diluted earnings per share (Non-GAAP Outlook) for Q4 FY2026
“$31.00 ± $1.00”
Diluted earnings per share (Non-GAAP) for Q4 FY2026
“$31.00 ± $1.00”
Diluted shares basis for EPS outlook for Q4 FY2026
“approximately 1.15 billion diluted shares”
Exhibit 99.1 · the passage around this item
… earlier in the release
1 Quarterly Business Unit Financial Results FQ3-26 FQ2-26 FQ3-25 Cloud Memory Business Unit Revenue $ 13,769 $ 7,749 $ 3,386 Gross margin 83 % 74 % 58 % Operating margin 78 % 66 % 46 % Core Data Center Business Unit Revenue $ 11,524 $ 5,687 $ 1,530 Gross margin 87 % 74 % 38 % Operating margin 83 % 67 % 20 % Mobile and Client Business Unit Revenue $ 11,521 $ 7,711 $ 3,255 Gross margin 87 % 79 % 24 % Operating margin 86 % 76 % 15 % Automotive and Embedded Business Unit Revenue $ 4,634 $ 2,708 $ 1,127 Gross margin 79 % 68 % 26 % Operating margin 75 % 62 % 11 % Business Outlook The following table presents Micron’s guidance for the fourth quarter of 2026: FQ4-26 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $50.0 billion ± $1.0 billion $50.0 billion ± $1.0 billion Gross margin Approximately 86% Approximately 86% Operating expenses Approximately $1.86 billion Approximately $1.65 billion Diluted earnings per share $30.73 ± $1.00 $31.00 ± $1.00 Further information regarding Micron’s business outlook is included in the prepared remarks and slides, which have been posted at investors.micron.com . Product highlights • HBM4, built on 1-beta DRAM technology, is in high-volume shipments for our lead customer's platform, and qualification samples have been shipped to multiple end-customers. • Development of HBM4E, built on 1-gamma DRAM technology, is well underway, with volume production expected in calendar 2027. • Qualification samples of 256GB DDR5 RDIMMs, built on 1-gamma DRAM technology and advanced 3D die stacking, has shipped to key server ecosystem enablers. • Our LP5X SOCAMM2 products are in high-volume production, and we have expanded our LP5X SOCAMM2 offerings across multiple capacity points. • G9-based PCIe Gen6 high-performance SSD is now in high-volume production. • We commenced shipments of our high-capacity 245TB QLC SSD. • Gen5 QLC PC Client SSD with G9 NAND has achieved successful lead customer qualification. • 1-gamma 16Gb LPDDR5X has begun high-volume ramp at a leading smartphone OEM, and we are currently sampling our 1-gamma 24Gb LP5X product to multi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.