Micron projects USD 61.5 bn Q1FY27 revenue as Core Data Center sales jumps over 11-fold
New Delhi [India], October 1 (ANI): Micron Technology expects its strong growth momentum to continue into fiscal 2027, expecting a first-quarter revenue of around USD 61.5 billion, after revenue from its Core Data Center Business Unit jumped more than 11-fold year-on-year to USD 18 billion in the fourth quarter.
The first-quarter revenue projection is about 13 per cent above the USD 54.23 billion recorded in the fourth quarter. Micron has also forecast a non-Generally Accepted Accounting Principles (non-GAAP) gross margin of approximately 86.25 per cent and non-GAAP diluted earnings per share of USD 38.15, plus or minus USD 1.
