Micron posts record Q4 revenue and earnings as AI demand surges
Micron Technology reported fiscal fourth‑quarter revenue of $54.23 billion, up 379% year over year, and adjusted earnings of $33.42 per share, both beating analysts’ expectations. The surge was driven by data‑center memory, with core data‑center revenue reaching $18 billion and customers prepaying $12.75 billion for long‑term supply contracts. The company forecast Q1 revenue of about $61.5 billion, plus or minus $1.5 billion, and highlighted ongoing U.S. manufacturing expansion funded in part by $6.165 billion of CHIPS Act money. Despite the strong results, the stock fell 3.57% after the release.
Why it matters
The company expects the AI‑driven demand to sustain revenue growth into the next quarter. However, the share price decline shows market participants remain cautious despite the earnings beat.
Key facts
- 1Fiscal fourth‑quarter revenue was $54.23 billion, up 379% YoY. finance.yahoo.com
- 2Adjusted earnings were $33.42 per share. finance.yahoo.com
- 3Customers deposited $12.75 billion under long‑term supply contracts during fiscal 2026. finance.yahoo.com
- 4Core Data Center revenue reached $18 billion for the quarter. finance.yahoo.com
- 5Guidance for the next quarter is revenue of about $61.5 billion, plus or minus $1.5 billion. finance.yahoo.com
- 6The U.S. Department of Commerce awarded Micron up to $6.165 billion in CHIPS Act funding. ibtimes.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.