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Micron Technology CFO: Revenue for the first fiscal quarter of fiscal year 2027 will reach 61.5 billion USD

Micron Technology (MU.O) Chief Financial Officer Mark Murphy stated during the earnings call that revenue for the first quarter of fiscal year 2027 will reach $61.5 billion, with earnings per share of $38.15, continuing to rise quarter-over-quarter, and clearly pointed out that this quarter will be the low point for gross margin for the entire fiscal year 2027, after which gross margins are expected to gradually recover in subsequent quarters.Micron has currently signed 26 long-term agreements, locking in approximately $150 billion in long-term orders. The supply and demand in the storage market for 2027 and 2028 will be tighter than in 2026, and "there is no end in sight for the restoration of supply and demand balance."Micron Technology (MU.O) expects capital expenditures for the first half of fiscal year 2027 to be around $25 billion, with higher spending in the second half, and most of the incremental spending will be for new wafer fabrication plants (construction expenditures) rather than purely for equipment procurement. Micron Technology CFO Mark Murphy explained that this is entirely because long-term contracts provide sufficient demand visibility, and new greenfield factories require a very long lead time.Additionally, Micron Technology Chief Financial Officer Mark Murphy also mentioned during the earnings call that in the fourth quarter of fiscal year 2026, Micron Technology generated an impressive $44 billion in operating cash flow and $33.2 billion in free cash flow.As time goes on, we expect to return 100% of excess cash to shareholders. We plan to begin increasing capital returns starting December 9, 2026 (the second anniversary of our signing of the final agreement for the CHIPS Act), primarily through stock buybacks.

first_img The CFTC submitted two rules, intending to include event contracts in the definition of swaps

According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has submitted two rules for review to the Office of Management and Budget (OMB). One rule aims to include event contracts within the regulatory definition of swaps, while the other is a "temporary final rule" that seeks to exclude "casino-style gambling products" from the scope of swaps.These two rules were received by the OMB this week, with the document dated September 28. OMB review is typically the last step before rules are submitted for public comment, and the temporary final rule will take effect immediately while allowing for subsequent public input and revisions.This move comes as the CFTC engages in a tug-of-war with multiple states over the nature of prediction markets. Event contracts are typically binary yes-or-no bets on measurable outcomes such as sports events and elections. Last week, the U.S. Sixth Circuit Court of Appeals ruled that Kalshi's sports contracts do not fall under swaps and should be governed by state gambling regulations, while the Eighth Circuit Court of Appeals made a similar ruling; however, the Third Circuit Court of Appeals previously determined that the CFTC has jurisdiction over prediction markets, creating a legal divergence at the federal level. CFTC Chairman Mike Selig believes that the CFTC has exclusive jurisdiction over prediction markets.If event contracts are classified as swaps and not as gambling products, it could weaken the positions of various states in multiple lawsuits against prediction market platforms like Kalshi. The CFTC is legally required to consist of five commissioners, but President Trump has yet to nominate additional commissioners, leaving Selig as the sole commissioner, who is unilaterally advancing regulatory and policy decisions. Additionally, information disclosed by the OMB indicates that the CFTC recently submitted a "pre-rule" focusing on cryptocurrency regulation to the White House.

The Gate event contract consecutive victory challenge will start on October 1, with a prize pool of 20,000 USDT covering multiple competitive gameplay options

According to official news, the Gate event contract "Winning Streak Challenge" will officially start on October 1 at 08:00 (UTC+8) and will last until October 11 at 08:00 (UTC+8).This challenge covers 5-minute cycle events for BTC and all stock event contracts. Users can participate after completing the activity registration. The event sets a total reward of 20,000 USDT, covering multiple gameplay options such as winning streak ladder, win rate leaderboard, trading volume sprint, and new user first order gift.Among them, users who achieve a maximum winning streak of 15 can receive 100 USDT, with a total winning streak prize pool of 6,000 USDT; the win rate leaderboard has a prize pool of 3,500 USDT, and users who meet the criteria of cumulative valid matches ≥ 100, single net purchase ≥ 20 USDT, and win rate ≥ 40% can participate in the ranking, with the first place receiving 1,200 USDT.Users whose cumulative event contract trading volume reaches 20,000 USDT can also share a prize pool of 5,000 USDT based on their trading volume proportion, with a maximum of 500 USDT per user. In addition, during the event, the first 1,000 new users who complete their first transaction in the event contract and have a first net purchase value ≥ 20 USDT can receive a 5.5 USDT event contract experience voucher.Currently, the Gate event contract has covered two major sectors: cryptocurrency assets and stocks. Users can participate in price direction predictions around different assets and time windows, looking for trading opportunities that suit their own judgment in the short-cycle market changes.

Gate released a promotional video for TOKEN2049 in Singapore, Dr. Han will attend the event and give a speech on the main stage

As TOKEN2049 in Singapore approaches, Gate has released a promotional video for the event. In the video, Gate's founder and CEO Dr. Han shares his thoughts on continuous innovation and change, stating that the next one to two years will mark "a new starting point," and Gate will continue to advance its products, services, and market development.It is reported that Dr. Han will attend this TOKEN2049 in Singapore, delivering a keynote speech on the main stage and engaging in a fireside chat with four-time F1 World Champion Max Verstappen. During the event, Gate will set up a brand booth and exclusive lounge at the TOKEN2049 venue, providing participants with an opportunity to gain in-depth insights into Gate's products, business layout, and global ecological development.Additionally, Gate will host the Gate Gala awards dinner at the Raffles Hotel in Singapore on October 8, expecting nearly 300 global industry founders, institutional representatives, investors, content creators, and ecological partners to attend.Currently, Gate's global user base has surpassed 61 million, with the platform supporting over 5,300 cryptocurrencies and more than 12,800 stocks and ETFs, covering multiple areas including spot trading, contracts, stocks, wealth management, payments, and AI. As the business landscape continues to expand, Gate is building a global platform that encompasses diverse assets and financial services. During this TOKEN2049 trip to Singapore, Gate will focus on presenting the latest developments and future plans of the platform, opening the next phase with a more complete business map and broader global connections.
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