Micron posts $133.2 billion in fiscal 2026 revenue and forecasts strong start to fiscal 2027

Micron finished fiscal 2026 with $133.188 billion in revenue, compared with $37.378 billion in fiscal 2025. The company also recorded $84.969 billion in GAAP net income for the year. Diluted earnings reached $74.33 per share.

The company’s outlook calls for first-quarter fiscal 2027 revenue of $61.5 billion, with a possible variation of $1.5 billion in either direction. Micron also projected non-GAAP diluted earnings of $38.15 per share, with a range of $1.00 above or below that figure.

Micron linked the fiscal-year performance to demand for memory and storage used in artificial-intelligence systems. The company said demand in those areas surpassed available industry supply during fiscal 2026.

The company also reported that pricing and margins improved substantially during the year. Micron connected that improvement primarily to strong demand growth associated with advances in artificial intelligence.

The company’s filing also described a supply-allocation change during fiscal 2025. Micron moved some DRAM output toward data-center and hyperscale-cloud customers.

Together, the annual results and quarterly outlook provide figures for both the completed fiscal year and the next reporting period. The fiscal 2026 results include the company’s revenue, GAAP profit and diluted earnings, while the fiscal 2027 forecast covers revenue and non-GAAP diluted earnings.