Micron Profit, Revenue Surge on Memory Demand
Micron Technology posted record fiscal fourth-quarter results, with revenue hitting $54.23 billion and non-GAAP adjusted net profit reaching $38.4 billion. The company reported a revenue surge of 379% year-over-year, driven by high memory prices and an 11-fold jump in data center revenue. Micron issued a first-quarter revenue forecast of approximately $61.5 billion, exceeding market estimates. Management expects fiscal 2027 to be another record year, citing tight supply for AI-related memory, specifically High Bandwidth Memory, which currently exceeds available supply.
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- ✓ Micron reported fiscal fourth-quarter revenue of $54.23 billion.
- ✓ Non-GAAP adjusted net profit for the quarter was $38.4 billion.
- ✓ Quarterly revenue increased 379% year-over-year.
- ✓ Micron guided for fiscal first-quarter revenue of about $61.5 billion.
What changed
Micron released its fiscal fourth-quarter earnings showing record revenue and profit with an increased outlook through 2028.
Live updates
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Micron Reports Record Fiscal Q4 Revenue of $54.23 Billion on AI Demand
Micron Technology posted record fiscal fourth-quarter results, with revenue hitting $54.23 billion and non-GAAP adjusted net profit reaching $38.4 billion. The company reported a revenue surge of 379% year-over-year, driven by high memory prices and an 11-fold jump in data center revenue. Micron issued a first-quarter revenue forecast of approximately $61.5 billion, exceeding market estimates. Management expects fiscal 2027 to be another record year, citing tight supply for AI-related memory, specifically High Bandwidth Memory, which currently exceeds available supply.
Why it matters
The surge reflects the massive infrastructure build-out for artificial intelligence, which relies heavily on DRAM and NAND memory. This performance signals positive earnings prospects for other industry leaders like Samsung Electronics and SK hynix. Micron has secured 26 strategic deals extending through 2030.
What is confirmed
- Micron reported fiscal fourth-quarter revenue of $54.23 billion.
- Non-GAAP adjusted net profit for the quarter was $38.4 billion.
- Quarterly revenue increased 379% year-over-year.
- Micron guided for fiscal first-quarter revenue of about $61.5 billion.
- Data center revenue increased 11-fold.
- High Bandwidth Memory demand currently exceeds supply.
Still unconfirmed
- Micron extended its AI build-out forecast to 2031.
- Samsung Electronics is expected to post more than 100 trillion won in third-quarter operating profit.
What to watch next
- Samsung Electronics preliminary third-quarter results on October 8
- SK hynix earnings reports
- Updates on HBM supply capacity through 2028
confidence 95%Sources used for this update (18)
- MarketWatch — Micron earnings are only hours away. Here's everything investors need to know.
- CNBC — Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold
- WSJ — Micron Profit, Revenue Surge on Memory Demand
- Reuters — Micron forecasts quarterly revenue above estimates
- Barron's — Micron Reports Another Beat-and-Raise Earnings. The Stock Is Unchanged.
- www.digitaltoday.co.kr — Micron quarterly results nearly quadruple on AI boom, HBM demand outstrips supply
- finance.yahoo.com — Micron Technology Q4 Earnings Call Highlights
- finance.yahoo.com — Micron's Bull Run Isn't Over
- www.koreajoongangdaily.com — Micron record earnings on AI memory boom boost Samsung, SK hynix outlook
- biz.chosun.com — Micron surges on AI memory boom, posts record profit and lifts outlook
- biz.chosun.com — Micron forecasts tighter memory supply through 2028, lifting Korea chip outlook
- www.koreajoongangdaily.com — Samsung Electronics nears record third-quarter profit as HBM demand offsets stronger won
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