Micron Technology, Inc. announced record financial results for its fiscal year 2026, which ended September 3, 2026. The company reported total revenue of $133.19 billion for the fiscal year, a significant increase from the $37.38 billion reported in the prior year. This performance was driven by strong operational execution and demand related to artificial intelligence.
For the fourth quarter of fiscal 2026, Micron generated revenue of $54.23 billion. The company reported GAAP net income of $37.70 billion, or $32.87 per diluted share, and non-GAAP net income of $38.40 billion, or $33.42 per diluted share. Operating cash flow for the fiscal year totaled $89.68 billion, compared to $17.53 billion in the prior year.
Micron ended the fiscal year with cash, marketable investments, and restricted cash totaling $73.48 billion. The company’s Board of Directors declared a quarterly dividend of $0.15 per share, payable on October 29, 2026.
The company provided guidance for the first quarter of fiscal 2027. Micron expects revenue of $61.5 billion, with a range of $60 billion to $63 billion. The company anticipates a gross margin of approximately 85.95% on a GAAP basis and approximately 86.25% on a non-GAAP basis. Diluted earnings per share are expected to be $37.84 on a GAAP basis and $38.15 on a non-GAAP basis, with respective ranges of $36.84 to $38.84 and $37.15 to $39.15.
Micron highlighted several product developments, including the sampling of 512GB ultra dense DDR5 RDIMM modules and the completion of customer qualifications for 8,800 MT/s server RDIMM modules. The company also noted that its server LPDDR SOCAMM portfolio revenue more than doubled sequentially in the fourth quarter.
