Micron posts record fiscal Q4 revenue of $54.23 billion and guides $61.5 billion for next quarter

Micron reported record fiscal fourth-quarter 2026 revenue of $54.23 billion on September 30, 2026, up from $41.46 billion in the prior quarter. GAAP gross margin was 86.8% and GAAP net income was $37.70 billion. It guided fiscal first-quarter 2027 revenue to $61.5 billion, plus or minus $1.5 billion. Micron is a direct DRAM and HBM rival, so its results are a read-through on AI memory pricing for SK hynix.

• Revenue: $54.23 billion (prior quarter $41.46 billion)
• GAAP net income: $37.70 billion, $32.87 per diluted share
• GAAP gross margin 86.8%; GAAP operating income $43.75 billion
• Fiscal Q1 2027 revenue guidance: $61.5 billion plus or minus $1.5 billion

SEC filing 8-K · accession 0000723125-26-000018 · sec.gov ↗