Micron CFO Projects $61.5 Billion Revenue for Q1 Fiscal 2027

Micron Technology CFO Mark Murphy announced that the company expects $61.5 billion in revenue and $38.15 in earnings per share for the first quarter of fiscal 2027. Micron has secured 26 long-term agreements totaling approximately $150 billion in orders. The company plans to increase capital returns to shareholders through stock buybacks starting December 9, 2026, following the second anniversary of its CHIPS Act agreement.