[DEVELOPING] Micron FQ4 due Wed Sep 30 after close: guide $49-51B revenue, EPS $30-32, 86% GM; HBM sold out through 2026
Micron reports fiscal Q4 after Wednesday's close (call 4:30pm ET) against its own guide of $49-51B revenue, $30-32 non-GAAP EPS and 86% gross margin; consensus sits near $50.45B and $31.2 (Investing.com, Sep 22), with the Street watching whether Q1 FY27 guidance clears $55B. Setup: HBM capacity fully booked for 2026 with HBM4 shipping for Nvidia's Vera Rubin, 16 take-or-pay agreements with ~$100B of floors and $22B prepaid, a ~$1,515 consensus target and $2,000 Street high against a ~$1,080 print on Sep 22 (~$1.2T market cap). Read-through: the memory-supercycle proxies on the board (MU, WDC, SNDK on watch) reprice on this print more than on any macro data this week; a Taoyuan union strike vote in early October is the operational risk after Sep 21 mediation failed. Watch: the Q1 guide against $55B and HBM pricing commentary.