Micron Forecasts Quarterly Revenue Above Estimates
Micron said AI demand and tight supply lifted adjusted earnings 1,002% to $33.42 a share and pushed revenue to a record $54.23 billion.
- 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.
- CEO Sanjay Mehrotra attributed the strong results to robust AI-driven demand, citing a persistent "structural gap between DRAM supply and demand growth rates" requiring ongoing capacity expansion.
- Fiscal first-quarter revenue guidance of $61.5 billion, alongside $32 billion in strategic customer commitments, demonstrates high long-term demand for Micron's memory products.
- Options market analysts identified "universally bullish dealer positioning" ahead of the earnings release, indicating investors are hedged against volatility while positioned for continued memory demand growth.
- Micron plans to increase capital expenditures to address supply tightness expected to persist through 2027 and 2028, as the company ramps production at new global manufacturing facilities.
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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
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.
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