Micron Reports Strong Q4 Earnings with Record Revenue and Guidance for Fiscal 2027
Micron Technology (NASDAQ: MU) delivered record revenue of $54.23 billion in the fourth quarter, driven by strong demand for AI-related server and storage solutions. The company reported non-GAAP earnings per share (EPS) of $33.42, reflecting higher average selling prices and a shift toward high-margin products. Management provided Q1 Fiscal 2027 revenue guidance between $60 billion to $63 billion, citing anticipated strength in the data center and automotive markets. Operating cash flow reached $43.97 billion for the quarter, up from $25.39 billion in the prior period due to higher net income and favorable working capital timing. Adjusted free cash flow was $33.20 billion or 61% of total revenue. The core data center segment saw a significant increase to $18.00 billion as AI infrastructure deployments expanded, while cloud memory revenue reached $16.28 billion with an impressive gross margin of 83%.
Tickers: $MU
Topics: ai_infrastructure automotive_sales cloud_memory free_cash_flow revenue