Micron Revenue Jumps 379% as AI Demand Supports Bullish Outlook

Micron’s fiscal fourth-quarter revenue rose 379% to $54.23 billion, while its bullish outlook signaled continued demand for AI-related memory components.

Revenue climbed from $11.32 billion a year earlier and exceeded market expectations of about $51 billion. GAAP net income reached $37.70 billion, while adjusted earnings came to $33.42 per diluted share, also ahead of expectations near $31.40.

Micron reported $133.19 billion in revenue for fiscal 2026. The company’s fiscal first-quarter 2027 outlook calls for revenue of $61.5 billion, with a range of $1.5 billion on either side, and adjusted gross margin of about 86.25%.

The results offer a new data point on demand for memory components used in AI infrastructure. Micron’s forecast points to continued demand in the next fiscal quarter.