Micron Technology reported fiscal fourth-quarter revenue of $54.23 billion, up from $41.46 billion in the prior quarter and $11.32 billion a year earlier. GAAP net income reached $37.7 billion, or $32.87 per diluted share, with a gross margin of 86.8%.
For the full fiscal year 2026, revenue totaled $133.19 billion and GAAP net income $84.97 billion. The company guided first-quarter fiscal 2027 revenue to $61.5 billion, plus or minus $1.5 billion, and declared a dividend of $0.15 per share payable October 29.
CEO Sanjay Mehrotra said AI is becoming "Super Intelligence" and that memory enhances the competitiveness of customers' platforms. The results show how strongly AI infrastructure demand is lifting memory chip makers.