Micron tops fourth-quarter estimates, guides above Street on AI memory demand

Micron Technology reported a 63% increase in long-term chip contracts, with 26 strategic agreements signed in Q3, up from 16 in Q2. Revenue covered by these contracts rose to 35% from 25%. Micron's remaining performance obligations increased to $150 billion, and financial commitments rose to $32 billion. Samsung and SK hynix are also expanding long-term deals. Micron plans to increase capital spending to over $50 billion in fiscal 2027, up from $27 billion.

Micron Technology forecasted Q1 revenue of $61.5B, exceeding estimates, driven by AI memory demand. The company reported Q4 revenue of $54.23B, up 343% YoY. Long-term supply agreements rose to $32B, with $150B in remaining performance obligations. Micron plans to increase capital spending in fiscal 2027 to meet demand.

Micron reported record revenue across all business units in Q4, with Data Center revenue up 56% sequentially. CEO Mehrotra highlighted strong AI demand, expecting tighter supply-demand conditions in fiscal 2027-2028. The company forecasted $61.5B revenue for Q1 2027, with plans to increase capital expenditures and return cash to shareholders.

Micron Technology reported fiscal Q4 2026 revenue of $54.2B, up 379% YoY, driven by AI-driven demand for memory. CEO Sanjay Mehrotra highlighted record results across all business units. The company guided Q1 2027 revenue to $61.5B, with strong gross margins. Management expects supply tightness to persist through 2028, supporting pricing power. Micron plans to accelerate capital return starting December 9, 2026.

Micron reported Q4 revenue of $54.23B, up over 4x year-over-year, beating expectations. The company's success is driven by DRAM and HBM sales, which surged 343% and now make up 73% of total sales. Micron's outlook is positive, with guidance of $61.5B in sales for the current quarter, but long-term risks include potential market shifts and cyclical industry trends.

Micron Technology (MU) reported record Q4 and full-year 2026 results, with revenue, gross margin, and EPS exceeding prior highs. Over 35% of revenue is secured through 2030 via strategic agreements, and fab expansions are ongoing. The company expects fiscal 2027 to set new records, driven by tight supply-demand conditions and robust capital returns.