Micron Technology Chief Financial Officer Mark Murphy said fiscal 2027’s first-quarter revenue will reach $61.5 billion, with earnings per share of $38.15, continuing to rise sequentially. He said the quarter will be the low point for the company’s gross margin (revenue left after direct production costs) during fiscal 2027, after which margins are expected to improve each quarter. Micron has signed 26 long-term agreements, securing about $150 billion in long-term orders. Murphy also said memory-market supply and demand will be tighter in 2027 and 2028 than in 2026, with no visible endpoint for a return to balance, according to Sina Finance.