Micron

Micron reported fiscal Q4 2026 revenue of $54.23 billion, up 379% year-over-year from $11.32 billion, driven by record AI-driven demand across cloud and data-center segments. GAAP net income reached $37.70 billion, or $32.87 per diluted share, compared to $3.20 billion ($2.83 per share) in Q4 2025. Full-year 2026 revenue totaled $133.19 billion versus $37.38 billion in FY2025. Gross margin expanded to 86.8% GAAP (87.0% adjusted) in Q4 from 44.7% year-ago. Operating margin reached 80.7% GAAP (82.3% adjusted). All four business units—Cloud Memory, Core Data Center, Mobile and Client, and Automotive and Embedded—posted double-digit gross margins, with Core Data Center achieving 90% gross margin. Management launched multiple advanced memory products, including 512GB DDR5 modules and industry-leading server LPDDR offerings. For Q1 2027, Micron guided revenue of $61.5 billion ± $1.5 billion with ~86% adjusted gross margin and $38.15 adjusted EPS, signaling continued AI-driven momentum and "even stronger" fiscal 2027 performance.