Micron Technology Inc. (MU) reported significant growth in its fourth-quarter earnings for fiscal year 2026, announcing a staggering 1,078% year-over-year increase to $37.7 billion, or $32.87 per share. This surpassed analyst estimates of $31.71 per share. Additionally, fourth-quarter revenue surged 379% to $54.23 billion, exceeding expectations of $51.33 billion. Over the full year, adjusted earnings were reported at $86.76 billion with revenue reaching $133.198 billion, representing 811% earnings growth and 256.3% revenue growth.
This growth is attributed to increased demand driven by the artificial intelligence boom, which has intensified the need for memory chips used in data centers. The company’s successful transition from a flat 2025, where it held a D-rating in May, to an A-rating by November reflects this shift in demand. As companies prepare for fiscal 2027, Micron’s management expects continued strong performance.
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