Micron Stock in 2026 After a $54 Billion Quarter: Shortage…
By Tobi Opeyemi Amure
AI summary of the source article
Micron reported fiscal fourth-quarter revenue of $54.23 billion, a 379% increase year-on-year, bringing full-year fiscal 2026 revenue to $133.19 billion. The company projected fiscal first-quarter 2027 revenue between $60.0 billion and $63.0 billion, alongside non-GAAP diluted earnings per share of $38.15, plus or minus $1.00. In prepared remarks, CEO Sanjay Mehrotra emphasized that memory and storage supply-demand conditions are projected to be significantly tighter in calendar 2027 and 2028 compared to 2026. High-bandwidth memory bit shipments are expected to outpace conventional DRAM growth through 2028, with industry supply constraints anticipated across both NAND and DRAM technologies.
Why it matters
Management stated there is no line of sight to when memory supply and demand will return to balance, indicating persistent supply constraints for data centers and technology hardware.
Key facts
- Micron reported fiscal Q4 2026 revenue of $54.23 billion and full-year fiscal 2026 revenue of $133.19 billion.
- Fiscal Q1 2027 revenue is guided to $61.5 billion, plus or minus $1.5 billion.
- CEO Sanjay Mehrotra projected memory supply-demand conditions will be much tighter in calendar 2027 and 2028 than in 2026.