Micron Technology Inc. (MU) earnings date & stock reaction
MU · Micron Technology Inc. · IT
Micron Technology Inc. earnings date & time
Schedule
- Korea time (KST)
- Thu, December 24
- Reporting pattern
- 12 of last 12 after close
- Typical move
- ±8.8% · 12-report avg
What the market expects
Consensus EPS
$38.21Coming in above this counts as a beat
- Year-ago quarter
- $4.78→+699.4%
- Guided revenue
- $54.2B→$61.5B+13.4%
- Guided EPS
- $33.42→$38.00+13.7%
“AI is becoming Super Intelligence (SI), and memory enhances this intelligence and the competitiveness of our customers' platforms.”
“We have more than 75% of our shipments committed for the year. That shows a strengthening demand and allows us to shift our conversations on allocation with our customers out to 2028.”
- ▲Explosive AI-driven revenue growth
- Q4 revenue reached $54.23 billion, a 379% increase from $11.32 billion in the same period last year.
- Full-year revenue hit $133.19 billion, up 256% from $37.38 billion in the prior year.
- ▲Significant margin expansion
- Q4 operating margin improved to 80.7% from 32.3% in the same period last year.
- Q4 operating cash flow surged to $43.97 billion, compared to $5.73 billion in the same period last year.
- ▲Strong outlook backed by AI demand
- Fiscal Q1 2027 revenue guidance is set at $61.5 billion, signaling continued growth.
- The company expects memory supply to remain tight through 2028 due to the expansion of AI agent workloads.
- ▼Declining shipment volumes in Mobile and Client
- The Mobile and Client business unit saw sequential bit shipment declines for the second consecutive quarter.
- While revenue was supported by higher pricing and product mix, actual shipment volumes are showing a slowing trend.
- ▼Supply constraints and production efficiency
- Bit growth is being dampened by the increasing complexity of technology transitions and the rising share of HBM.
- Cleanroom space constraints are causing a significant time lag between capital expenditure and actual bit production.
Micron Technology Inc. (MU) rose the day after earnings in 6 of its last 12 reports (50%), moving ±8.8% on average. It has fallen despite beating the consensus estimate 6 times.
Even when EPS beat expectations, the stock fell 6 of the last 12 times. The number alone doesn't move it.
When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
The company's own next-quarter revenue guidance (from its 8-K release) vs what it actually reported: delivered 5 of 5 times, averaging +3.4% above the guide.
- Feb 2025 qtrguided $7.90Bactual $8.05Bhit
- Nov 2024 qtrguided $8.70Bactual $8.71Bhit
- Aug 2024 qtrguided $7.60Bactual $7.75Bhit
- May 2024 qtrguided $6.60Bactual $6.81Bhit
- Feb 2024 qtrguided $5.30Bactual $5.82Bhit
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
6/12 beats fell next day · watches HBM · DRAM price
- Aug 2026 report+3.0%
- May 2026 report+15.7%
- Feb 2026 report-3.8%
- Nov 2025 report+10.2%
- Aug 2025 report-2.8%
- May 2025 report-1.0%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 8/2026 | 2026-09-30 | +5.0% | +3.0% | +2.1% |
| 5/2026 | 2026-06-24 | +21.4% | +15.7% | -1.6% |
| 2/2026 | 2026-03-18 | +33.2% | -3.8% | -17.3% |
| 11/2025 | 2025-12-17 | +20.6% | +10.2% | +27.1% |
| 8/2025 | 2025-09-23 | +5.9% | -2.8% | +0.6% |
| 5/2025 | 2025-06-25 | +19.8% | -1.0% | -4.3% |
12 reports, quarters ending 11/2023 to 8/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Micron Technology Inc. earnings date?
The next Micron Technology Inc. (MU) earnings report is expected Wed, December 23 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
What is the consensus EPS forecast for Micron Technology Inc.'s next earnings?
Analysts expect EPS of about $38.21 for Micron Technology Inc. (MU). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.
Does Micron Technology Inc. (MU) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 6 of them (50%). The average move on earnings day was ±8.8%.
Does Micron Technology Inc. react more to the earnings numbers or to guidance?
In 6 of the last 12 reports (50%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Micron Technology Inc. stock fall even when earnings are good?
Yes. In 6 of the last 12 reports, Micron Technology Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Micron Technology Inc. stock keep moving after the earnings day?
Over the last 12 reports, the move continued in the same direction for the following five trading days 50% of the time. This tendency is known as post-earnings announcement drift.