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Guidance history, every release

Micron Technology (MU) · 8 releases, Dec 18, 2024 to Sep 30, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Dec 18, 2024 FY25 Q1	Mar 20, 2025 FY25 Q2	Jun 25, 2025 FY25 Q3	Sep 23, 2025 FY25 Q4	Dec 17, 2025 FY26 Q1	Mar 18, 2026 FY26 Q2	Jun 24, 2026 FY26 Q3	Sep 30, 2026 FY26 Q4
For FY2027
Revenue (Non-GAAP Outlook)	—	—	—	—	—	—	—	New“$61.5 billion ± $1.5 billion”
Diluted earnings per share (GAAP Outlook)	—	—	—	—	—	—	—	New“$37.84 ± $1.00”
Diluted earnings per share (Non-GAAP Outlook)	—	—	—	—	—	—	—	New“$38.15 ± $1.00”
Gross margin (GAAP Outlook)	—	—	—	—	—	—	—	New“Approximately 85.95%”
Gross margin (Non-GAAP Outlook)	—	—	—	—	—	—	—	New“Approximately 86.25%”
Operating expenses (GAAP Outlook)	—	—	—	—	—	—	—	New“Approximately $2.31 billion”
Operating expenses (Non-GAAP Outlook)	—	—	—	—	—	—	—	New“Approximately $2.06 billion”
For FY2026
Revenue	—	—	—	—	—	—	New“$50.0 billion ± $1.0 billion”	—
Revenue	—	—	—	—	—	New“$33.5 billion ± $750 million”	—	—
Revenue - Non-GAAP Outlook	—	—	—	—	—	New“$33.5 billion ± $750 million”	—	—
Revenue - Non-GAAP Outlook	—	—	—	—	New“$18.70 billion ± $400 million”	—	—	—
Revenue - Non-GAAP Outlook	—	—	—	New“$12.50 billion ± $300 million”	—	—	—	—
Revenue (Non-GAAP Outlook)	—	—	—	—	—	—	New“$50.0 billion ± $1.0 billion”	—
Diluted earnings per share - GAAP Outlook	—	—	—	—	—	New“$18.90 ± $0.40”	—	—
Diluted earnings per share - GAAP Outlook	—	—	—	—	New“$8.19 ± $0.20”	—	—	—
Diluted earnings per share - GAAP Outlook	—	—	—	New“$3.56 ± $0.15”	—	—	—	—
Diluted earnings per share - Non-GAAP Outlook	—	—	—	—	—	New“$19.15 ± $0.40”	—	—
Diluted earnings per share - Non-GAAP Outlook	—	—	—	—	New“$8.42 ± $0.20”	—	—	—
Diluted earnings per share - Non-GAAP Outlook	—	—	—	New“$3.75 ± $0.15”	—	—	—	—
Diluted earnings per share (GAAP Outlook)	—	—	—	—	—	—	New“$30.73 ± $1.00”	—
Diluted earnings per share (GAAP)	—	—	—	—	—	—	New“$30.73 ± $1.00”	—
Diluted earnings per share (GAAP)	—	—	—	—	—	New“$18.90 ± $0.40”	—	—
Diluted earnings per share (Non-GAAP Outlook)	—	—	—	—	—	—	New“$31.00 ± $1.00”	—
Diluted earnings per share (Non-GAAP)	—	—	—	—	—	—	New“$31.00 ± $1.00”	—
Diluted earnings per share (Non-GAAP)	—	—	—	—	—	New“$19.15 ± $0.40”	—	—
Diluted shares basis for EPS outlook	—	—	—	—	—	—	New“approximately 1.15 billion diluted shares”	—
Gross margin	—	—	—	—	—	—	New“Approximately 86%”	—
Gross margin	—	—	—	—	—	New“Approximately 81%”	—	—
Gross margin - GAAP Outlook	—	—	—	—	New“67.0% ± 1.0%”	—	—	—
Gross margin - GAAP Outlook	—	—	—	New“50.5% ± 1.0%”	—	—	—	—
Gross margin - Non-GAAP Outlook	—	—	—	—	—	New“Approximately 81%”	—	—
Gross margin - Non-GAAP Outlook	—	—	—	—	New“68.0% ± 1.0%”	—	—	—
Gross margin - Non-GAAP Outlook	—	—	—	New“51.5% ± 1.0%”	—	—	—	—
Gross margin (Non-GAAP Outlook)	—	—	—	—	—	—	New“Approximately 86%”	—
CEO commentary on fiscal Q3 outlook	—	—	—	—	—	New“we expect significant records again in fiscal Q3”	—	—
GAAP diluted shares outstanding (outlook)	—	—	—	—	—	New“approximately 1.14 billion diluted shares”	—	—
Non-GAAP diluted shares outstanding (outlook)	—	—	—	—	—	New“approximately 1.15 billion diluted shares”	—	—
Operating expenses - GAAP Outlook	—	—	—	—	—	New“Approximately $1.60 billion”	—	—
Operating expenses - GAAP Outlook	—	—	—	—	New“$1.56 billion ± $20 million”	—	—	—
Operating expenses - GAAP Outlook	—	—	—	New“$1.49 billion ± $20 million”	—	—	—	—
Operating expenses - Non-GAAP Outlook	—	—	—	—	—	New“Approximately $1.40 billion”	—	—
Operating expenses - Non-GAAP Outlook	—	—	—	—	New“$1.38 billion ± $20 million”	—	—	—
Operating expenses - Non-GAAP Outlook	—	—	—	New“$1.34 billion ± $20 million”	—	—	—	—
Operating expenses (GAAP Outlook)	—	—	—	—	—	—	New“Approximately $1.86 billion”	—
Operating expenses (GAAP)	—	—	—	—	—	—	New“Approximately $1.86 billion”	—
Operating expenses (GAAP)	—	—	—	—	—	New“Approximately $1.60 billion”	—	—
Operating expenses (Non-GAAP Outlook)	—	—	—	—	—	—	New“Approximately $1.65 billion”	—
Operating expenses (Non-GAAP)	—	—	—	—	—	—	New“Approximately $1.65 billion”	—
Operating expenses (Non-GAAP)	—	—	—	—	—	New“Approximately $1.40 billion”	—	—
Quarterly dividend	—	—	—	—	—	—	New“$0.15 per share”	Reiterated“$0.15 per share, payable in cash on October 29, 2026”
Quarterly dividend	—	—	—	—	—	—	—	New“$0.15 per share”
Quarterly dividend declared	—	—	—	—	New“$0.115 per share”	Raised“$0.15 per share”	—	—
For FY2025
Q4 revenue sequential growth	—	—	New“grow another 15% sequentially”	—	—	—	—	—
Quarterly revenue outlook (CEO statement)	—	New“We expect record quarterly revenue in fiscal Q3”	—	—	—	—	—	—
Revenue - Non-GAAP Outlook	—	—	New“$10.7 billion ± $300 million”	—	—	—	—	—
Revenue - Non-GAAP Outlook	—	New“$8.80 billion ± $200 million”	—	—	—	—	—	—
Revenue (Non-GAAP Outlook)	New“$7.90 billion ± $200 million”	—	—	—	—	—	—	—
Revenue and profitability outlook (CEO statement)	—	New“we are on track for record revenue and significantly improved profitability”	—	—	—	—	—	—
Revenue growth outlook	New“we anticipate a return to growth in the second half of our fiscal year”	—	—	—	—	—	—	—
Diluted earnings per share - GAAP Outlook	—	—	New“$2.29 ± $0.15”	—	—	—	—	—
Diluted earnings per share - GAAP Outlook	—	New“$1.37 ± $0.10”	—	—	—	—	—	—
Diluted earnings per share - Non-GAAP Outlook	—	—	New“$2.50 ± $0.15”	—	—	—	—	—
Diluted earnings per share - Non-GAAP Outlook	—	New“$1.57 ± $0.10”	—	—	—	—	—	—
Diluted earnings per share (GAAP Outlook)	New“$1.26 ± $0.10”	—	—	—	—	—	—	—
Diluted earnings per share (Non-GAAP Outlook)	New“$1.43 ± $0.10”	—	—	—	—	—	—	—
Gross margin - GAAP Outlook	—	—	New“41.0% ± 1.0%”	—	—	—	—	—
Gross margin - GAAP Outlook	—	New“35.5% ± 1.0%”	—	—	—	—	—	—
Gross margin - Non-GAAP Outlook	—	—	New“42.0% ± 1.0%”	—	—	—	—	—
Gross margin - Non-GAAP Outlook	—	New“36.5% ± 1.0%”	—	—	—	—	—	—
Gross margin (GAAP Outlook)	New“37.5% ± 1.0%”	—	—	—	—	—	—	—
Gross margin (Non-GAAP Outlook)	New“38.5% ± 1.0%”	—	—	—	—	—	—	—
Operating expenses - GAAP Outlook	—	—	New“$1.35 billion ± $20 million”	—	—	—	—	—
Operating expenses - GAAP Outlook	—	New“$1.27 billion ± $15 million”	—	—	—	—	—	—
Operating expenses - Non-GAAP Outlook	—	—	New“$1.20 billion ± $20 million”	—	—	—	—	—
Operating expenses - Non-GAAP Outlook	—	New“$1.13 billion ± $15 million”	—	—	—	—	—	—
Operating expenses (GAAP Outlook)	New“$1.24 billion ± $15 million”	—	—	—	—	—	—	—
Operating expenses (Non-GAAP Outlook)	New“$1.10 billion ± $15 million”	—	—	—	—	—	—	—
Quarterly dividend declared	New“$0.115 per share”	Reiterated“$0.115 per share”	Reiterated“$0.115 per share”	—	—	—	—	—
No period stated
Sequential revenue growth	—	—	—	New“$1.2 billion”	—	—	—	—
Gross margin	—	—	—	New“exceeding 50%”	—	—	—	—
Quarterly dividend	New“$0.115 per share”	Reiterated“$0.115 per share”	Reiterated“$0.115 per share”	Reiterated“$0.115 per share”	Reiterated“$0.115 per share”	Raised“$0.15 per share”	—	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.