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Micron Forecasts Quarterly Revenue Above Estimates
The memory chipmaker said AI demand kept orders ahead of capacity, and it expects first-quarter revenue of $61.5 billion, above estimates.
- On Wednesday, September 30, 2026, Micron Technology reported fiscal fourth-quarter revenue of $54.23 billion, a 379% year-over-year surge driven by AI-linked memory demand, with adjusted earnings reaching $33.42 per share and beating analyst expectations.
- Persistent tightness in memory and storage supply expected through 2028 fuels demand; CEO Sanjay Mehrotra announced customers increased long-term supply agreement commitments to $32 billion, signaling unabated AI infrastructure needs.
- Micron issued first-quarter fiscal 2027 revenue guidance of $61.5 billion, plus or minus $1.5 billion, with adjusted earnings expected at $38.15 per share, plus or minus $1, exceeding analyst estimates of $57 billion and $35.40.
- Despite rapid growth, Micron trades at approximately 14.1 times trailing adjusted earnings, a valuation analysts consider modest; the company continues prioritizing its high-bandwidth memory roadmap for competitive positioning.
- While AI demand remains strong, management acknowledges new manufacturing capacity takes time to ramp up; risks including potential oversupply from competitors and trade restrictions persist as Micron expands globally.
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Thanks to the ongoing AI boom, the US semiconductor manufacturer is five-fold increasing its sales. Profit is also well above market expectations.
·Düsseldorf, Germany
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Coverage Details
Total News Sources55
Leaning Left3Leaning Right7Center9Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 16%
C 47%
R 37%
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