Micron Technology closed fiscal 2026 with record revenue and profit, giving investors a fresh measure of how quickly artificial-intelligence infrastructure is changing the memory-chip market.
The company reported fiscal fourth-quarter revenue of $54.23 billion, up from $41.46 billion in the prior quarter and $11.32 billion a year earlier. Full-year revenue reached $133.19 billion, compared with $37.38 billion in fiscal 2025. Micron also reported fourth-quarter GAAP net income of $37.70 billion.
The Supply Question
The stronger demand outlook also creates a constraint: memory capacity cannot be expanded instantly. New fabrication and packaging capacity takes time to build, qualify and ramp. That means the next phase of the AI memory cycle may be shaped as much by supply discipline and manufacturing execution as by demand growth.
Micron’s product roadmap reflects that pressure. The company said it had begun sampling 512GB high-capacity DDR5 server modules, completed multiple customer qualifications for newer server RDIMMs, and started sampling LPDDR6 products for physical-AI markets. These products target systems that need more memory capacity, bandwidth or energy efficiency.
Verified Source Evidence
Micron’s September 30 earnings release directly confirms the fourth-quarter revenue figures used in this article. Reuters separately reports the increase in long-term customer commitments and remaining performance obligations.
Revenue of $54.23 billion versus $41.46 billion for the prior quarter and $11.32 billion for the same period last year
