Micron reports $54.23 billion quarterly revenue as memory demand expands

October 1, 2026

Micron reported fiscal fourth-quarter revenue of US$54.23 billion on September 30, compared with US$11.32 billion a year earlier. The quarter ended September 3, 2026.

GAAP net income reached US$37.70 billion. Adjusted earnings were US$33.42 per diluted share; that figure uses Micron’s non-GAAP measure.

Outlook and investment

For fiscal Q1 2027, Micron forecasts revenue of US$61.5 billion, plus or minus US$1.5 billion. This is guidance, rather than a reported result.

The company attributes its performance to AI-driven demand and operational execution. Full-year net capital expenditure totalled US$27.37 billion.

Product updates

Micron says it has begun sampling 512GB DDR5 server memory modules with speeds up to 9,200 MT/s. It also reports shipments of PCIe Gen 5 and Gen 6 SSDs for KV-cache applications and LPDDR6 sampling for physical AI markets.

Sources: Micron’s fiscal Q4 and full-year results.

Feature image: AI-generated editorial illustration for Guava Insights. Conceptual imagery, not a product photograph, game screenshot or depiction of an actual facility.

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