Micron posted record quarterly and annual revenue on AI demand. Micron said on Sept. 30 local time fiscal fourth-quarter (June to August) revenue came to $54.23 billion. The figure was nearly five times the level a year earlier and rose 30.8 percent from the previous quarter. Adjusted earnings per share was $33.42.

Revenue beat the market estimate of $51.07 billion compiled by London Stock Exchange Group (LSEG). EPS also topped the Wall Street estimate of $31.61. It rose 33.1 percent from the previous quarter.

Earnings growth was driven by AI-related memory demand. Revenue from the core data center business segment, which saw demand concentrate in AI servers and HBM (high-bandwidth memory), came to $18.0 billion, jumping more than 11-fold from a year earlier.

Revenue in the remaining segments was $16.28 billion for cloud memory, $13.11 billion for mobile and client, and $6.82 billion for automotive and embedded. Total revenue for fiscal 2026 was $133.19 billion, a record high. That was up 256 percent from a year earlier.

The company gave a revenue forecast of $61.5 billion for fiscal 2027 first quarter and an EPS forecast of $38.15. Both exceed Wall Street estimates of $57.0 billion in revenue and $35.4 in EPS.

Chief Executive Sanjay Mehrotra (산자이 메로트라) said, "We are expecting even stronger results in fiscal 2027," and projected the growth trend would continue. He added, "AI is becoming superintelligence (SI), and memory further strengthens such intelligence and customers' platform competitiveness," and "strategic customer agreements (SCA) add confidence in the durability of Micron's financial performance." Here, SCA refers to a method in which customers confirm and reserve memory purchase volumes in advance.