Micron Expected to Outperform Microsoft in Profits by Fiscal 2027

Key Points

• Micron Technology’s fiscal fourth-quarter earnings guidance projects $30.73 per diluted share, equating to approximately $35 billion in net income.

• Microsoft reported a net income of $133.7 billion for fiscal 2026, marking a 31% increase year-over-year.

• Micron’s net income for the previous fiscal year was $8.5 billion, following a $5.8 billion loss in fiscal 2023.

Micron Technology (NASDAQ: MU) is forecasting a remarkable fiscal fourth quarter, with earnings guidance of $30.73 per diluted share for the period ending early September 2026. This figure suggests net earnings of around $35 billion, significantly higher than the $8.5 billion earned in fiscal 2025. In contrast, Microsoft (NASDAQ: MSFT) experienced a strong fiscal 2026, concluding on June 30, with net income reaching $133.7 billion, up 31% from the previous year.

For context, Micron’s fiscal fourth quarter has 14 weeks due to a 53-week fiscal year, and its guidance may not surpass Microsoft’s fiscal 2026 earnings if adjustments for a 52-week year are taken into account. Recent increases in average selling prices for DRAM are driving Micron’s financial growth, with recent reports indicating a 60% rise in such prices despite minimal increases in shipment volumes.