Micron Forecasts Quarterly Revenue Above Estimates
Micron said customers have locked in most of its 2027 output as AI memory shortages pushed quarterly revenue to a record $54.23 billion.
- On Wednesday, Micron Technology reported fiscal fourth-quarter revenue of $54.23 billion, beating estimates as AI-driven demand fueled record results. The company guided fiscal first-quarter revenue of $61.5 billion and adjusted EPS of $38.15.
- Unprecedented AI demand continues to outpace memory supply, prompting Micron to secure 26 strategic customer agreements backed by $32 billion in financial commitments. These contracts lock in volumes through 2030 amid persistent global shortage.
- Fourth-Quarter adjusted gross margin hit a record 87%, driven by surging high-bandwidth memory sales. This profitability generated $33.2 billion in adjusted free cash flow, strengthening Micron's capacity expansion internally.
- CEO Sanjay Mehrotra emphasized that memory tightness will persist into 2027 and 2028 as supply cannot yet meet AI demand. He confirmed most of Micron's 2027 high-bandwidth memory output is already sold out.
- Capital expenditures are set to exceed $250 billion through 2035, raising questions about margin sustainability. Management argues the AI era represents a structural shift challenging historical boom-and-bust cycles.
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74 Articles
Micron Fiscal Q4 Revenue More Than Quadruples as Management Expects a Record 2027 Amid Intense AI Demand
Micron Technology's revenue more than quadrupled in fiscal Q4 as surging AI demand drove a sharp acceleration across its data-centre and cloud businesses, sending earnings higher and giving management confidence that fiscal 2027 will be a record year. The memory-chip maker reported $54.23 billion in quarterly revenue, which is 4.79 times the revenue from a year earlier, while adjusted earnings per share jumped more than tenfold to $33.42. Micron…
Micron CEO: No End in Sight for Memory Shortage, Will Probably Get Worse
New Micron facilities coming online in 2028 won't be enough to ease the RAM shortage, says Sanjay Mehrotra. Over 75% of its 2027 output is already sold out. If you thought 2026 was a terrible year for the memory shortage, brace for more pain over the next two years. Leading DRAM and NAND supplier Micron says it expects "memory and storage supply-demand conditions to be much tighter in calendar 2027 and 2028 than …
Micron, a U.S. company known as a "weather vane" for being the first among major semiconductor firms to announce earnings, posted record-high quarterly results that exceeded market expectations. This was driven by a surge in memory demand, centered on artificial intelligence (AI) data centers, compounded by supply shortages. Although arguments for slowing down the pace of AI are being raised, AI
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Micron Raises Revenue Outlook as AI Memory Demand Drives $32 Billion in Customer Commitments
Micron Technology raised its revenue forecast for the coming quarter as demand for memory products used in artificial intelligence infrastructure remains strong. Customer commitments under ... The post Micron Raises Revenue Outlook as AI Memory Demand Drives $32 Billion in Customer Commitments first appeared on [your]NEWS.
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…
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