- Micron reported fiscal Q4 2026 revenue of $54.23 billion, up from $41.46 billion in fiscal Q3 and $11.32 billion a year earlier.
- GAAP gross margin rose to 86.8% and net income reached $37.70 billion, or $32.87 a share.
- Fiscal Q1 2027 guidance calls for revenue of $61.5 billion plus or minus $1.5 billion and non-GAAP EPS of $38.15 plus or minus $1.00.
- Cost of goods sold rose 15% year over year while revenue rose almost fivefold, driving the margin expansion.
- Net capital expenditures were $10.77 billion in fiscal Q4 2026 and adjusted free cash flow was $33.20 billion.
- Micron announced an investment in Indium Corporation to restart critical minerals processing in Rome, New York, as part of its up to $3 billion U.S. supply-chain plan.
Quotes
“AI is becoming Super Intelligence (SI), and memory enhances this intelligence”