Micron delivered record-breaking results for the fourth quarter and full year of fiscal 2026, significantly exceeding analyst expectations as AI-driven demand transformed the company's financial profile. The massive scale of growth and margin expansion reflects an aggressive shift toward high-value memory solutions for cloud and data center infrastructure.

Key Highlights

  • Record fiscal fourth quarter revenue of $54.23 billion increased nearly five-fold from $11.32 billion in the same period last year.
  • Non-GAAP gross margin expanded to 87.0% for the quarter, a substantial beat against consensus expectations of 38.5%.
  • Core Data Center and Cloud Memory business units combined for over $34 billion in quarterly revenue, reflecting dominant performance in AI infrastructure supply.
  • Operating cash flow reached $43.97 billion for the quarter, ending the fiscal year with $73.48 billion in total cash and marketable investments.