Micron Q4 2026 Earnings: AI Demand Sends Revenue Up 379%
As seen on the 24/7 Wall St. homepage on September 30, 2026.
AI memory pricing power is still compounding: Micron beat on both lines and guided fiscal Q1 revenue to $61.5 billion, well above the quarter it just reported. Management says fiscal 2027 gets stronger from here.
Continue ReadingShow less
Micron's fiscal fourth quarter revenue cleared the analyst consensus, its eighth straight quarter of beating earnings per share expectations.
Data center demand for high-bandwidth memory tied to AI infrastructure pushed non-GAAP gross margin to 87.0%, evidence of how far pricing power has shifted in Micron's favor.
Quarterly revenue was up 379% year over year, with gross profit and free cash flow growing even faster.
CEO Sanjay Mehrotra called the results record fiscal 2026 performance and said the company expects an even stronger fiscal 2027, pointing to Strategic Customer Agreements and memory's place in the shift toward what he called Super Intelligence.
Management guided fiscal Q1 2027 revenue to $61.5 billion, above the quarter it just reported, after a full fiscal 2026 that cleared full-year consensus estimates on both earnings and revenue.
Mentioned: MU