Micron Raises Fiscal 2027 CapEx Amid Strong Q4 Performance
Micron Technology (NASDAQ:MU) reported strong fiscal fourth-quarter results, exceeding revenue, gross margin, and EPS guidance. The company expects first-quarter revenue of $61.5 billion ±$1.5 billion as it increases its capital expenditure plans for fiscal 2027 in response to tighter supply-demand dynamics expected through 2027-2028. CEO Sanjay Mehrotra highlighted the exceptional performance, noting that Micron achieved record levels of revenue and profitability during Q4. The raised CapEx reflects strategic investments aimed at addressing anticipated market conditions over the next few years.
Tickers: $MU
Topics: Earnings Gross Margin Management Commentary Revenue Growth