Micron Q4 Revenue Jumps 379% to $54.2B on AI Memory Demand, Guides Fiscal 2027 Q1 to $61.5B

Micron posted $54.23B in fiscal Q4 revenue, up 379% year-over-year and beating the $51.07B LSEG consensus, with non-GAAP net income of $38.4B and $33.42 diluted EPS. DRAM accounted for $39.77B (73%) of the quarter, and CEO Sanjay Mehrotra flagged a 'first custom HBM implementation' collaboration with Nvidia. Guidance points to $61.5B in fiscal Q1 2027 revenue, above sell-side estimates and signalling continued AI-memory pricing power.