GoKawiilMicron lifts outlook after Q4 revenue surges 379% on AI memory demand
Micron reported fiscal fourth-quarter revenue of $54.23 billion, up 379% year-over-year and ahead of the $51.07 billion analysts expected, with adjusted earnings per share of $33.42 versus a $31.61 forecast. The company said tight supply conditions for memory chips, driven by AI demand, should persist and even intensify into fiscal 2027.
GoKawiil's interpretation of the reporting above, not reported fact.
The results reflect how surging AI infrastructure buildouts are straining global supply of DRAM, NAND and high-bandwidth memory, pushing up prices and margins for suppliers like Micron. Analysts raising price targets suggest growing confidence that this memory shortage, rather than easing, could extend well into next year, benefiting chipmakers but potentially raising costs for AI hardware buyers.
- Micron's Q4 revenue jumped 379% year-over-year to $54.23 billion, beating estimates.
- Adjusted EPS rose over 1,000% to $33.42, topping the $31.61 consensus.
- Micron guided for continued tight supply-demand conditions in memory markets through fiscal 2027.
Crucial P3 Plus NVMe SSD — Crucial is Micron's own consumer brand, so this SSD directly uses the same NAND memory technology driving Micron's blockbuster earnings. It's a great way to upgrade your PC's storage speed while riding the real-world impact of the memory boom discussed in the article.
See Crucial P3 Plus NVMe SSD on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: cnbc.com — Jeff Marks, 2026-10-01
Published there as: “We're raising our Micron price target after an incredible quarter and robust guidance”
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