Micron Technology reported fiscal fourth-quarter 2026 revenue of $54.23 billion, up 379% year over year, and GAAP net income of $37.70 billion. For the full fiscal year, revenue reached $133.19 billion, DRAM revenue topped $100 billion for the first time and operating margins exceeded 80%. AI-driven data center demand boosted sales of DRAM, high-bandwidth memory, NAND flash and data center SSDs, with data center business units posting margins between 83% and 90%. More than 75% of fiscal 2027 output is already committed under 26 Strategic Customer Agreements, while most of Micron’s 2027 high-bandwidth memory supply has been contracted at higher year-over-year prices. For fiscal first-quarter 2027, Micron guided to revenue of $60 billion to $63 billion, although investors remain alert to the risk of oversupply and a downturn in the memory cycle.
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