Micron 4Q Profit, Revenue Surge on Memory Demand

By Elias Schisgall

Micron Technology said profit and revenue surged in the fiscal fourth quarter, as its memory chips remained a hot commodity amid the build-out of artificial-intelligence infrastructure.

The semiconductor company had a profit of $37.7 billion, or $32.87 a share, in the quarter ended Sept. 3, up from $3.2 billion, or $2.83 a share, a year earlier.

On an adjusted basis, earnings were $33.42 a share. Analysts polled by FactSet were projecting $31.72 a share.

Revenue rose sharply to $54.23 billion from $11.32 billion a year prior. Analysts were expecting $51.33 billion in revenue.

"Micron delivered record fiscal 2026 results, and we expect an even stronger fiscal 2027," Chief Executive Sanjay Mehrotra said.

"AI is becoming Super Intelligence (SI), and memory enhances this intelligence and the competitiveness of our customers' platforms," he added, referring to President Trump's preferred new term for AI.

For the current first quarter, Micron is projecting adjusted earnings of between $37.15 and $39.15 a share on revenue of $60 billion to $63 billion.

Analysts currently expect $35.47 a share in adjusted earnings on $57.4 billion in revenue.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

September 30, 2026 16:36 ET (20:36 GMT)