Micron posts record FY2026 results as AI memory demand surges

Micron Technology on Sept. 30 reported record fiscal fourth-quarter and full-year 2026 results, saying AI-driven memory demand and operational execution put the company on track for an even stronger fiscal 2027. For the quarter ended Sept. 3, Micron posted revenue of US$54.23 billion and GAAP net income of US$37.70 billion, or US$32.87 per diluted share. Full-year fiscal 2026 revenue reached US$133.19 billion, with GAAP net income of US$84.97 billion, or US$74.33 per diluted share — up sharply from US$37.38 billion in revenue a year earlier. Operating cash flow was US$43.97 billion in the quarter and US$89.68 billion for the year; the company ended the year with cash, marketable investments and restricted cash of US$73.48 billion and declared a US$0.15 quarterly dividend payable Oct. 29 to shareholders of record Oct. 14. Chairman and CEO Sanjay Mehrotra said AI is becoming “Super Intelligence and that memory enhances customer platforms, adding that Micron is increasing investments in technology, products and manufacturing. Guidance for fiscal first-quarter 2027 called for revenue of US$61.5 billion ± US$1.5 billion and non-GAAP diluted EPS of US$38.15 ± US$1.00. Product notes included sampling of 512GB ultra-dense DDR5 RDIMMs and strong sequential growth in server LPDDR SOCAMM revenue. For Canadian investors and OEMs watching the AI supply chain, Micron’s print is a clean primary-source snapshot of how scarce high-bandwidth memory is still rewriting semiconductor P&Ls — even as guidance, margins and customer concentration remain market-sensitive. Not investment advice. Sources: Micron / GlobeNewswire press release; Bloomberg via SWI swissinfo.