Memory chipmaker Micron Technology Inc. (NASDAQ: MU) reported a multi-fold increase in revenues for the fourth quarter of fiscal 2026. Earnings rose sharply and topped Wall Street’s expectations.
Fourth-quarter revenue surged to $54.23 billion from $11.31 billion in the corresponding quarter of 2025, exceeding analysts’ estimates.
Earnings, on an adjusted basis, were $33.42 per share in the fourth quarter, representing a sharp increase from $3.03 per share the company earned in the prior-year quarter. Earnings beat consensus estimates. Unadjusted net income rose to $37.7 billion or $32.87 per share in Q4 from $3.2 billion or $2.83 per share last year.
For the first quarter of fiscal 2027, management projects revenues of $61.5 billion ± $1.5 billion. The guidance for Q1 earnings per share, on an adjusted basis, is $38.15 ± $1.0.
Commenting on the results, Micron’s CEO Sanjay Mehrotra said, “AI is becoming Super Intelligence (SI), and memory enhances this intelligence and the competitiveness of our customers’ platforms. We are increasing our investments in technology, products, and manufacturing to help drive SI forward with our customers, and our Strategic Customer Agreements provide added confidence in the durability of Micron’s financial performance.”
