Micron Technology has reported record financial results for fiscal 2026, supported by strong demand for memory and storage products used in artificial intelligence and data center systems.
The semiconductor company reported $54.23 billion in fourth quarter revenue. Full year revenue reached $133.19 billion, up sharply from $37.38 billion in fiscal 2025.
Quick Fact
| Detail | Information |
|---|---|
| Company | Micron Technology, Inc. |
| Report Date | September 30, 2026 |
| Fiscal Year Ended | September 3, 2026 |
| Q4 FY2026 Revenue | $54.23 billion |
| FY2026 Revenue | $133.19 billion |
| Q4 GAAP Net Income | $37.70 billion |
| FY2026 GAAP Net Income | $84.97 billion |
| FY2026 Operating Cash Flow | $89.68 billion |
| FY2026 Adjusted Free Cash Flow | $62.31 billion |
| Q1 FY2027 Revenue Outlook | $61.5 billion ± $1.5 billion |
| Quarterly Dividend | $0.15 per share |
| Main Growth Driver | AI and data center demand |
Micron Reports Record Fiscal 2026
GAAP net income was $37.70 billion in the fourth quarter. Diluted shares came to earnings came to earnings came to earnings.
Micron’s total revenue for the fiscal year was $133.19 billion. This contrasts with $37.38 billion in the 2025 fiscal year.
The annual GAAP net income increased from $8.54 billion to $84.97 billion. From $7.59 per share, diluted earnings rose to $74.33.
AI Demand Supports Micron Growth
Artificial intelligence remained a major driver behind Micron’s latest results.
The company supplies memory and storage products for data centers, servers, PCs, smartphones, automotive systems and other computing platforms.
Micron said demand for AI related products helped support growth across its business. The company also plans to increase spending on technology, products and manufacturing capacity.
Its product updates include high capacity DDR5 server memory, high speed server modules, PCIe Gen 5 and Gen 6 SSDs, LPDDR5X and early sampling of LPDDR6 products.
Business Segments Show Strong Growth
Micron’s four major business units all reported higher revenue than the same quarter a year earlier.
| Business Segment | Q4 FY2026 Revenue | Gross Margin | Operating Margin |
|---|---|---|---|
| Cloud Memory Business Unit | $16.28 billion | 83% | 76% |
| Core Data Center Business Unit | $18.00 billion | 90% | 85% |
| Mobile and Client Business Unit | $13.11 billion | 90% | 88% |
| Automotive and Embedded Business Unit | $6.82 billion | 84% | 79% |
Cash Flow and Investments
Micron generated $43.97 billion in operating cash flow during the fourth quarter.
For the full year, operating cash flow reached $89.68 billion. Adjusted free cash flow totaled $62.31 billion.
Micron invested $27.37 billion in capital expenditures during fiscal 2026. The company ended the year with $73.48 billion in cash, marketable investments and restricted cash.
The company also reported $12.90 billion in noncurrent customer contract liabilities. Its cash position gives the company substantial resources for manufacturing and technology investments.
For the first quarter, the company expects revenue of about $61.5 billion, with a range of $60 billion to $63 billion.
Micron expects a GAAP gross margin of about 85.95%. It forecasts GAAP diluted earnings of $37.84 per share, plus or minus $1.00.
The non GAAP outlook calls for a gross margin of about 86.25% and diluted earnings of $38.15 per share, plus or minus $1.00.
These figures are company guidance, not guaranteed future results.
Dividend Update
Micron’s board declared a quarterly dividend of $0.15 per share on September 30, 2026.
The dividend is scheduled for October 29, 2026. Shareholders must be on record as of October 14, 2026, to receive the payment.
Micron Reports Strong Fiscal 2026 Growth
Micron Technology ended fiscal 2026 with record revenue, earnings and cash flow. AI and data center demand played an important role in the company’s growth.
The company now expects fiscal 2027 to begin with another increase in revenue. Its next results will show whether strong demand continues across its memory and storage businesses.
