Micron Technology, Inc. (Nasdaq: MU) announced record fiscal fourth-quarter and full-year 2026 results, with Q4 revenue reaching $54.23 billion, up from $41.46 billion in the prior quarter and $11.32 billion year-over-year. GAAP net income was $37.70 billion ($32.87 per diluted share), and non-GAAP net income was $38.40 billion ($33.42 per diluted share). Operating cash flow totaled $43.97 billion in Q4, compared to $25.39 billion in the prior quarter and $5.73 billion a year earlier.
For the full fiscal year 2026, Micron reported revenue of $133.19 billion, up from $37.38 billion in the prior year. GAAP net income reached $84.97 billion ($74.33 per diluted share), and non-GAAP net income was $86.76 billion ($75.52 per diluted share). Annual operating cash flow was $89.68 billion, versus $17.53 billion the prior year. Capital expenditures, net were $27.37 billion for the year, and adjusted free cash flow totaled $62.31 billion. Micron ended the year with $73.48 billion in cash, marketable investments, and restricted cash. On September 30, 2026, the Board declared a quarterly dividend of $0.15 per share, payable October 29, 2026, to shareholders of record on October 14, 2026.
Sanjay Mehrotra, Chairman and CEO, stated that Micron delivered record results and expects stronger performance in fiscal 2027, driven by AI and Super Intelligence (SI). The company highlighted product advances including sampling of 512 GB ultra-dense DDR5 RDIMM modules at up to 9,200 MT/s, qualifications of 1-gamma based 8,800 MT/s server RDIMMs, growth in LPDDR SOCAMM portfolio revenue, shipping of PCIe Gen 5 and Gen 6 SSDs for KV-cache applications, volume ramp of 6600 ION SSD, and shipping of 6-channel LPDDR5X for mobile devices. Design wins were secured with all Tier 1 OEMs for AI workstations, and 4600 SSD gained additional PC OEM qualifications. Sampling of 1-gamma based LPDDR6 products began for physical AI markets.
Source: TechPowerUp News · Summarized by HeadlinesBriefing