Micron Technology reports revenue exceeding expectations, optimistic sales forecast for next quarter

Micron Technology's Q4 revenue for the 2026 fiscal year was $54.229 billion, compared to $11.315 billion in the same period last year, with a market expectation of $50.584 billion. Micron Technology expects its revenue for the first quarter of the next fiscal year to be approximately $60 billion to $63 billion, with an average analyst expectation of $56.8 billion. The company expects that the supply and demand of memory and storage in fiscal years 2027 and 2028 will be tighter than in 2026. After deducting specific items, the profit is approximately $38.15 per share, and the market expectation is $36.02. After the report was released, Micron Technology's stock price rose by less than 1% in after hours trading.