Micron Forecasts Quarterly Revenue Above Estimates
The memory chip maker said AI-related demand kept supply tight and lifted adjusted profit 1,002% from a year earlier, LSEG data showed.
- On Wednesday, September 30, 2026, Micron Technology reported record fiscal fourth-quarter revenue of $54.23 billion and adjusted EPS of $33.42, both exceeding analyst expectations. The company guided fiscal Q1 revenue of $61.5 billion.
- Surging AI-driven demand for memory chips significantly exceeds available supply. CEO Sanjay Mehrotra noted a structural gap between DRAM supply and demand growth persists, prompting customers to increase long-term supply agreement commitments to $32 billion.
- DRAM revenue reached a record $39.8 billion, representing 73% of total revenue, while NAND revenue hit $14.1 billion. Data center SSD revenue alone reached nearly $10 billion, over 10 times the year-ago quarter.
- Management expects fiscal 2027 to be another record year, projecting sequential revenue growth each quarter. To address persistent supply constraints, Micron plans to increase capital spending, focusing on expanding cleanroom capacity.
- Analysts anticipate memory and storage supply tightness will persist through 2027 and 2028 as capacity ramps take time. Despite this, Micron trades at approximately 6.8 times fiscal 2027 earnings, reflecting market skepticism about long-term margin sustainability.
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Micron closed its fiscal 2026 fiscal year with much stronger-than-expected quarterly results, while demand for artificial intelligence continues to drive the memory chip market at an extraordinary pace. The company also gave a forecast for the next quarter that exceeded analysts' expectations, CNBC reported. We will also cover similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the yea…
Micron Projects USD 61.5 Bn Q1FY27 Revenue as Core Data Center Sales Jumps over 11-fold
Get latest articles and stories on Business at LatestLY. Micron Technology expects its strong growth momentum to continue into fiscal 2027, expecting a first-quarter revenue of around USD 61.5 billion, after revenue from its Core Data Center Business Unit jumped more than 11-fold year-on-year to USD 18 billion in the fourth quarter. Business News | Micron Projects USD 61.5 Bn Q1FY27 Revenue as Core Data Center Sales Jumps over 11-fold.
Transcript: Micron Technology Q4 2026 Earnings Conference Call - Micron Technology (NASDAQ:MU)
Micron Technology (NASDAQ:MU) held its fourth-quarter earnings conference call on Wednesday. Below is the complete transcript from the call. Benzinga APIs provide real-time access to earnings call transcripts and
Thanks to the ongoing AI boom, the US semiconductor manufacturer is five-fold increasing its sales. Profit is also well above market expectations.
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