Micron Revenue Jumps 379% to $54.23 Billion Amid AI Memory Demand

Micron reported record fiscal Q4 2026 revenue of $54.23 billion, a 379% increase year-over-year, driven by strong demand for AI memory. Earnings reached $33.42 per share, surpassing Wall Street expectations of $31.61. Net income rose to $37.7 billion, and the company projects fiscal Q1 2027 sales of $61.5 billion. CEO Sanjay Mehrotra highlighted the role of AI in driving growth, while DRAM chips accounted for 73% of total revenue.