Micron Technology reported Q4 FY2026 revenue of $54.229 billion, a 379% year-over-year increase, surpassing market expectations of $51.49 billion. Adjusted earnings per share were $33.42. The company projects Q1 FY2027 revenue to be $61.5 billion (plus or minus $1.5 billion), exceeding market expectations of $57.02 billion. Non-GAAP adjusted earnings per share are expected to be $38.15 (plus or minus $1), higher than the market's anticipated $35.40. However, the company expects a gross margin of approximately 86.25% for the first fiscal quarter, lower than the 87% in Q4 and analysts' estimates of 86.7%. Micron CEO Sanjay Mehrotra stated that AI-driven memory demand continues to strengthen, and he expects the supply-demand balance in the DRAM and NAND markets to tighten further in 2027 and 2028 compared to 2026.