Micron Technology — Sep 30, 2026 release

Quarterly Business Unit Financial Results FQ4-26 FQ3-26 FQ4-25 Cloud Memory Business Unit Revenue $ 16,283  $ 13,769  $ 4,543  Gross margin 83  % 83  % 59  % Operating margin 76  % 78  % 48  % Core Data Center Business Unit Revenue $ 18,002  $ 11,524  $ 1,577  Gross margin 90  % 87  % 41  % Operating margin 85  % 83  % 25  % Mobile and Client Business Unit Revenue $ 13,114  $ 11,521  $ 3,760  Gross margin 90  % 87  % 36  % Operating margin 88  % 86  % 29  % Automotive and Embedded Business Unit Revenue $ 6,824  $ 4,634  $ 1,434  Gross margin 84  % 79  % 31  % Operating margin 79  % 75  % 20  % 2 Business Outlook The following table presents Micron’s guidance for the first quarter of 2027: FQ1-27 GAAP (1) Outlook Non-GAAP (2) Outlook Revenue $61.5 billion ± $1.5 billion $61.5 billion ± $1.5 billion Gross margin Approximately 85.95% Approximately 86.25% Operating expenses Approximately $2.31 billion Approximately $2.06 billion Diluted earnings per share $37.84 ± $1.00 $38.15 ± $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 • We began sampling the industry's first 512GB ultra dense high-capacity DDR5 RDIMM modules capable of speeds up to 9,200 MT/s. • We have completed multiple customer qualifications of our 1-gamma based, 8,800 MT/s high-speed server RDIMM modules. • Our industry leading server LPDDR SOCAMM portfolio revenue more than doubled sequentially in the fourth quarter of 2026. • Our 7600 PCIe Gen 5 and 9650 PCIe Gen 6 SSD high-performance products are now shipping to market-leading customers for KV-cache applications. • Our 6600 ION SSD achieved a strong volume ramp in the fourth quarter of 2026. • We are now shipping 6-channel 1-gamma LPDDR5X for flagship mobile devices. • We have secured design wins with every Tier 1 OEM customer for AI workstation product. • Our 4600 SSD secured additional qualifications wi