IT News on October 1st: Micron Technology today released its annual report for the fiscal year 2026 (September 5, 2025, to September 3, 2026) and its fourth-quarter report (May 29, 2026, to September 3, 2026):

• Total operating revenue: $133.188 billion (Note from IT: The current exchange rate is approximately 894.738 billion RMB), representing a year-on-year increase of 256.33%.
• Gross profit: $107.504 billion (equivalent to approximately 722.197 billion yuan at current exchange rates), a year-on-year increase of 622.81%
• Gross profit margin: 80.7%, a year-on-year increase of 40.9 percentage points
• Net profit attributable to shareholders of the parent company: $84.969 billion (approximately 570.81 billion yuan at current exchange rates), a year-on-year increase of 895.07%
• Operating cash flow: $89.675 billion (approximately 602.424 billion yuan at current exchange rates), a year-on-year increase of 411.7%
• Basic earnings per share: $75.38 (current exchange rate is approximately 506.39 RMB)
• Diluted earnings per share: $74.33 (current exchange rate is approximately 499.34 RMB)

• Total operating revenue: $54.229 billion (equivalent to approximately 364.303 billion yuan at current exchange rates), a year-on-year increase of 379.27% and a month-on-month increase of 30.81%.
• Gross profit: $47.047 billion (equivalent to approximately 316.055 billion yuan at current exchange rates), a year-on-year increase of 830.89% and a month-on-month increase of 34.21%.
• Gross profit margin: 86.8%, up 42.1 percentage points year-on-year and 2.2 percentage points month-on-month.
• Net profit attributable to shareholders of the parent company: $37.701 billion (approximately 253.27 billion yuan at current exchange rates), a year-on-year increase of 1077.79% and a month-on-month increase of 33.49%.
• Operating cash flow: $43.973 billion (approximately 295.404 billion yuan at current exchange rates), a year-on-year increase of 667.42% and a month-on-month increase of 73.2%.
• Basic earnings per share: $33.36 (current exchange rate is approximately 224.11 RMB)
• Diluted earnings per share: $32.87 (current exchange rate is approximately 220.82 RMB)

AI Interpretation: Micron Technology's full-year performance for the fiscal year 2026 significantly exceeded market expectations, setting a new historical record.

Company's Main Business and Financial Highlights: Micron Technology is a global leader in semiconductor memory and storage solutions, focusing on DRAM, NAND, and NOR storage products. Its core services cover areas such as AI, data centers, automotive electronics, and mobile terminals. The growing storage demand driven by AI is the key driving force behind its current performance surge.

Core performance for the fiscal year 2026:

• Revenue reached 133.188 billion US dollars (approximately 894.738 billion yuan at current exchange rates), compared to 37.378 billion US dollars (about 251.1 billion yuan at current exchange rates) in the same period last year, showing a significant year-on-year increase;
• GAAP The attributable net profit reached $84.969 billion (about 570.81 billion yuan at the current exchange rate), compared to only $8.539 billion (about 57.364 billion yuan at the current exchange rate) during the same period last year, indicating a significant expansion in profitability year-on-year;
• GAAP The gross profit margin reached 80.7%, an increase of over 40 percentage points compared to the same period last year, indicating a significant improvement in profitability;
• The net cash flow from operating activities reached $89.675 billion (approximately 602.424 billion yuan at current exchange rates), compared to $17.525 billion (about 117.73 billion yuan at current exchange rates) during the same period last year, indicating a significant improvement in cash flow.

Business Outlook: The company expects its revenue for the first quarter of fiscal year 2027 to range from $60 billion (approximately 403.072 billion RMB at current exchange rates) to $63 billion (approximately 423.225 billion RMB at current exchange rates). The diluted earnings per share are expected to range from $36.84 (approximately 247.49 RMB at current exchange rates) to $38.84 (approximately 260.92 RMB at current exchange rates), and the diluted earnings per share are also expected to range from $37.15 (approximately 249.57 RMB at current exchange rates) to $39.15 (approximately 263 RMB at current exchange rates). The company's management indicates that with strong demand and excellent operations, they anticipate even more robust performance in fiscal year 2027.

Product Progress:

• Mass production of the industry's first 512GB high-density DDR5 RDIMM memory module has begun, with a speed of up to 9200 MT /s;
• 8,000 MT /s high-speed servers based on the 1- gamma technology have passed verification with multiple clients;
• Multiple highly competitive new products have begun to be shipped, covering multiple fields such as AI workstations, flagship mobile devices, and consumer-grade SSD. The product layout continues to lead the industry.