# Micron Technology Reports Record Fiscal Q4 Revenue and Strong First-Quarter Outlook

- URL: https://stocks.freetheai.org/news/micron-technology-reports-record-fiscal-q4-revenue-and-strong-first-quarter-ff56cb
- Published: 2026-10-12T12:06:18Z
- Category: earnings; sentiment: mixed; impact: high
- Symbols: [NASDAQ:MU](https://stocks.freetheai.org/symbols/NASDAQ-MU), [OTC:SSNLF](https://stocks.freetheai.org/symbols/OTC-SSNLF), [NASDAQ:SKHY](https://stocks.freetheai.org/symbols/NASDAQ-SKHY)
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Micron Technology, Inc. (MU) reported record fourth-quarter fiscal results, generating $54.23 billion in revenue, up 379% year-over-year. Adjusted earnings per share reached $33.42, exceeding consensus estimates of $31.82. For full fiscal year 2026, total revenue climbed 256% to $133.19 billion, propelled by surging demand for memory chips used in artificial intelligence hardware.

Demand for AI infrastructure boosted data center solid-state drive revenue to nearly $10 billion in the fourth quarter. The company projected strong momentum to continue into fiscal 2027, issuing first-quarter guidance of $61.5 billion in revenue and $38.15 in earnings per share at the midpoint. Management expects supply constraints in memory markets through calendar 2028, supported by 26 strategic customer contracts covering over 35% of revenue through 2030 and $32 billion in financial commitments.

Investors are closely following Micron Technology, Inc. (MU) capital spending plans and market cycle risks. Capital expenditures are expected to reach around $25 billion in the first half of fiscal 2027, with increased investment in the second half to expand cleanroom and high-bandwidth memory capacity. Analysts remain divided on long-term pricing power as competing producers, including Samsung Electronics Co., Ltd. (SSNLF) and SK hynix Inc. (SKHY), expand production capacity.

## Key points

- Fourth-quarter fiscal revenue surged 379% year-over-year to $54.23 billion, with adjusted earnings per share of $33.42 beating estimates.
- Total fiscal year 2026 revenue increased 256% to $133.19 billion on booming artificial intelligence memory demand.
- Guidance for the first quarter of fiscal 2027 expects $61.5 billion in revenue and $38.15 in adjusted earnings per share at the midpoint.
- The company plans $25 billion in capital spending during the first half of fiscal 2027 to expand high-bandwidth memory manufacturing capacity.

## Questions and answers

### What were Micron Technology fourth quarter results for fiscal 2026?

Micron Technology reported fiscal fourth-quarter revenue of $54.23 billion, up 379% year-over-year, and adjusted earnings per share of $33.42. Total revenue for fiscal 2026 reached $133.19 billion.

### What is Micron Technology guidance for the first quarter of fiscal 2027?

Micron Technology projected first-quarter revenue midpoint of $61.5 billion and adjusted earnings per share of $38.15, both beating market expectations.

### How much is Micron spending on capital expenditures in fiscal 2027?

Micron Technology expects first-half fiscal 2027 capital expenditure to reach roughly $25 billion, with spending set to increase in the second half to expand manufacturing facilities.