Micron Q4 Revenue Hits $54.23 Billion, Up 379% Year-over-Year

Micron Technology (MU) reported $54.23 billion in revenue for the fourth quarter of fiscal year 2026, marking a 379% increase from $11.32 billion in the same period last year and exceeding market expectations of approximately $51 billion. The company posted a GAAP net income of $37.7 billion and an adjusted earnings per share of $33.42, surpassing the expected $31.4. Total revenue for fiscal year 2026 reached $133.19 billion, and Micron projects first-quarter revenue for fiscal year 2027 to be $61.5 billion with an adjusted gross margin of approximately 86.25%.