Micron posts record Q4 2026 earnings as AI memory demand drives massive revenue surge
Micron Technology reported fiscal Q4 2026 revenue of $54.2 billion, up about 4.8‑times year‑on‑year, and basic EPS of $33.36, a rise of roughly 11.7‑times. The company said AI‑driven demand for high‑bandwidth memory and 26 strategic customer agreements covering most of FY27 shipments underpinned the results. Management highlighted tighter supply‑demand conditions expected in fiscal 2027‑2028, suggesting continued earnings growth.
Why it matters
The company expects cash generation to meet its target by December 2026, enabling a sizable buyback, and it projects EPS of $176.69 for fiscal 2027, a 134% increase (Yahoo! Finance). Analysts see the tighter memory market as supporting further price and earnings expansion.
Key facts
- 1Quarterly revenue reached US$54.2 billion, a 4.8‑fold increase YoY. simplywall.st
- 2Basic EPS for Q4 2026 was US$33.36, up 11.7‑fold YoY. simplywall.st
- 3Micron has 26 strategic customer agreements covering more than 75% of FY27 shipments. simplywall.st
- 4Revenue grew 379% YoY to $54.23 billion, and EPS rose 1,002% to $33.42. gurufocus.com
- 5Fiscal 2026 revenue increased 256% YoY to $133.2 billion and non‑GAAP EPS rose to $75.52. finance.yahoo.com
- 6Micron expects EPS of $176.69 for fiscal 2027, a 134% increase. finance.yahoo.com
Summary written by AlphAI from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.