Micron posts record Q4 2026 revenue of $54.23 billion on AI‑driven demand
Micron Technology reported fiscal fourth‑quarter 2026 revenue of $54.23 billion, a 379% year‑over‑year increase, driven by surging AI data‑center demand. Non‑GAAP earnings were $33.42 per share and gross margins reached roughly 87%. The company announced long‑term supply agreements worth $32 billion and forecast fiscal Q1 2027 revenue of about $61.5 billion, indicating continued tight supply through 2028.
Why it matters
The company says supply‑demand conditions will stay tight through 2028, which should keep pricing power high and support further revenue growth (the company’s own guidance). Analysts note that the record revenue and strong margins could sustain a bullish outlook for the stock.
Key facts
- 1Fiscal Q4 2026 revenue was $54.23 billion, up 379% YoY. shattered.io
- 2Non‑GAAP earnings per diluted share were $33.42. tradingview.com
- 3GAAP gross margin was 86.8% and non‑GAAP gross margin was 87%. tradingview.com
- 4Long‑term supply agreements increased to $32 billion. tradingview.com
- 5Fiscal Q1 2027 revenue guidance is $61.5 billion ± $1.5 billion. tradingview.com
- 6DRAM revenue was $39.8 billion (73% of total) and NAND revenue was $14.1 billion (26% of total). shattered.io
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.