A Record Year and a Strong Outlook: Micron's Report Confirms the Sustainability of the AI Boom

Micron, the largest U.S. manufacturer of AI memory, reported record results for fiscal year 2026 and issued a forecast that exceeded analysts' expectations. Its performance is seen on Wall Street as an indicator of demand for AI.

In the quarter that ended on August 27, Micron's revenue increased nearly fivefold compared to the same period in fiscal year 2025. It reached $54.2 billion, while analysts surveyed by LSEG had expected only $51.1 billion, according to CNBC. Adjusted earnings per share rose by more than 1,000%, to $33.42—versus a consensus estimate of $31.61.

Following the release of its earnings report, Micron's stock rose 1% in after-hours trading.

This news story is being updated.

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