Micron almost quadruples its revenue thanks to AI’s insatiable demand for memory chips

What happened

Micron almost quadruples its revenue thanks to AI’s insatiable demand for memory chips, according to SiliconANGLE. predictably delivered another blowout quarter in its latest financial results, with no sign of a slowdown in the demand for artificial intelligence infrastructure. The company reported fiscal fourth-quarter earnings before certain costs such as stock compensation of $33.42 per share, coasting past Wall Street’s target of $31.61 per share. Micron is based in Boise, and its products and services include computer memories.

UPDATED 19:37 EDT / SEPTEMBER 30 2026 INFRA Micron almost quadruples its revenue thanks to AI’s insatiable demand for memory chips by Mike Wheatley Memory chipmaker Micron Technology Inc. Revenue for the period rocketed by a staggering 379%, to $54.23 billion, well ahead of the $51.07 billion analyst estimate.

That helped Micron’s net income for the quarter jump to $37.7 billion, up from just $3.2 billion one year earlier. Chairman and Chief Executive Sanjay Mehrotra (pictured) said the results set new quarterly and full-year records for a company that has emerged as one of the biggest beneficiaries of the AI boom.