Micron Reports Record Q4 Revenue, Forecasts Tight Memory Supply Through 2028

Micron Technology reported record revenue of $54.23 billion for fiscal Q4 2026, a 379% year-over-year increase, driven by strong AI data center demand. While the company provided Q1 revenue guidance exceeding market expectations, its gross margin forecast of 86.25% fell slightly short of analyst estimates. CEO Sanjay Mehrotra stated that AI-driven demand is intensifying, and expects supply for DRAM and NAND to remain significantly tighter than 2026 levels throughout 2027 and 2028. Micron has secured 26 strategic customer agreements to lock in long-term demand, covering over 35% of projected revenue through 2030.