Micron Technology reported $54.23 billion in revenue for its fiscal fourth quarter and forecast $61.5 billion for the current quarter, as the memory-chip maker said customer commitments for long-term supply had expanded. The results were released Wednesday, September 30, 2026, for the quarter that ended September 3.
Micron’s first-quarter fiscal 2027 revenue forecast is $61.5 billion, plus or minus $1.5 billion. That midpoint was above the $57.02 billion analyst average compiled by LSEG and reported by Reuters. The company projected adjusted earnings of $38.15 per share, plus or minus $1, compared with the $35.40 analyst estimate cited by Reuters.
Micron’s fiscal fourth-quarter results
For the fiscal fourth quarter, Micron reported revenue of $54.23 billion and adjusted earnings of $33.42 per share. Reuters said analysts had expected $51.07 billion in revenue and $31.61 in adjusted earnings per share.
The revenue total was more than four times the $11.32 billion Micron reported for the comparable quarter a year earlier. It also rose from $41.46 billion in the fiscal third quarter, according to Micron’s prior quarterly release.
Those comparisons describe reported company results; they do not by themselves establish a single cause for the increase. Micron attributes much of its current growth and outlook to demand for memory and storage used in data centers and artificial-intelligence workloads, while analysts also track supply constraints, pricing and customer capital spending.
Long-term customer commitments increased
Chief Executive Sanjay Mehrotra said financial commitments under Micron’s long-term supply agreements had increased to $32 billion from $22 billion in June. Most of those commitments were in the form of cash deposits, according to Reuters’ account of the company’s prepared remarks.
Finance chief Mark Murphy said Micron’s remaining performance obligations under those agreements had risen to about $150 billion from roughly $100 billion in the prior quarter. Remaining performance obligations are contracted amounts expected to be recognized in the future; they are not the same as revenue already earned in the September quarter.
The company also said it had agreements covering most of its high-bandwidth memory output for 2027. High-bandwidth memory, or HBM, is used alongside advanced processors to move large amounts of data quickly, making it a closely watched component in AI computing systems.
Capacity plans and the limits of the forecast
Micron said it expects to increase fiscal 2027 capital spending above its prior plan as it adds capacity. Capital spending can support future production, but new manufacturing capacity takes time and carries execution, demand and pricing risks.
The $61.5 billion first-quarter figure is company guidance, not a completed result. Micron gave a range of $60 billion to $63 billion, and actual revenue can differ as orders, product mix, pricing, manufacturing output and broader economic conditions change.
Likewise, customer deposits and contracted commitments can improve revenue visibility without eliminating business risk. Micron competes with Samsung Electronics and SK Hynix in memory markets that have historically moved through sharp supply-and-demand cycles.
Why the report matters beyond one company
Micron is one of the major suppliers of DRAM, NAND and high-bandwidth memory. Its results therefore provide a dated snapshot of demand reaching the memory portion of the AI supply chain—not only the market for graphics processors and accelerators.
The report also adds context to recent spending and procurement announcements elsewhere in the sector. AskNovus recently covered HPE’s $1.2 billion Vultr order for AMD-based AI systems and AMD’s agreement to acquire World Labs. Those are separate transactions, but together they show how investment is flowing across computing systems, processors and memory.
Investors should distinguish the operational information in Micron’s report from short-term market moves. This article does not provide a live share price or personalized investment advice. The company’s filed financial statements and risk disclosures remain the authoritative source for evaluating its performance and outlook.
Key figures
- Reporting period: Fiscal fourth quarter ended September 3, 2026
- Release date: September 30, 2026
- Quarterly revenue: $54.23 billion
- Adjusted earnings: $33.42 per share
- Fiscal Q1 2027 revenue guidance: $61.5 billion, plus or minus $1.5 billion
- Fiscal Q1 adjusted EPS guidance: $38.15, plus or minus $1
- Long-term supply commitments: $32 billion, up from $22 billion in June
- Remaining performance obligations: About $150 billion, up from about $100 billion in the prior quarter
More company results and economic releases are available in AskNovus Finance News, with additional industry coverage in Technology.
Sources
- Reuters — “Micron’s AI-fueled revenue forecast blows past estimates, backlog swells,” published September 30, 2026
- Micron Technology Investor Relations — fiscal fourth-quarter financial call and materials, September 30, 2026
- Micron Technology quarterly results — fiscal third-quarter and prior-period company data, accessed September 30, 2026
Featured image: Taylor Vick via Unsplash. The image is illustrative and does not show a Micron facility or product.
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