Micron Stock: Revenue Soars 379% to $54.23 Billion, AI Memory Demand Surges
2026-10-01 13:53:37
CoinMeta US stock data: Micron Technology's revenue in the fourth quarter of fiscal year 2026 reached $54.23 billion, a year-on-year increase of 379%, compared to $11.32 billion in the same period last year. This growth was mainly due to the surge in demand for AI memory, which drove Micron's earnings per share to $33.42, exceeding Wall Street's forecast of $31.61. Net income climbed from $3.2 billion to $37.7 billion. Micron expects to continue setting new highs in fiscal year 2027, with revenue growing in each quarter.
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Source:Watcher.Guru
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