Micron Technology Reports 256% Revenue Growth to $133.2 Billion for Fiscal Year 2026

Micron Technology, Inc. reported significant financial growth for the fiscal year ending September 3, 2026, with total revenue reaching $133.2 billion, a 256% increase from $37.4 billion in 2025. This surge was primarily driven by a substantial rise in sales of both DRAM and NAND products, with DRAM revenue alone increasing to $100.7 billion from $28.6 billion the previous year, reflecting an approximate 180% increase in average selling prices and a mid-20% increase in bit shipments. NAND revenue also saw a notable rise, climbing to $31.8 billion from $8.5 billion, attributed to a similar increase in average selling prices and bit shipments.

The company's gross margin improved significantly to 81% in 2026, up from 40% in 2025, largely due to higher average selling prices and favorable product mix. Operating income also saw a dramatic increase, reaching $99.3 billion compared to $9.8 billion in the prior year. The net income for the year was reported at $85.0 billion, a substantial rise from $8.5 billion in 2025, resulting in earnings per share of $75.38, compared to $7.65 the previous year.

Strategically, Micron has made significant investments in expanding its manufacturing capabilities, particularly in response to the growing demand for memory solutions driven by advancements in artificial intelligence (AI). The company has commenced construction on new fabrication facilities in Idaho and New York, supported by direct funding agreements under the CHIPS Act, which could provide up to $6.1 billion in funding. Additionally, Micron has established Micron Research Labs in Boise, Idaho, with a planned investment of approximately $10 billion over the next decade to advance semiconductor manufacturing technologies.

Operationally, Micron's workforce has grown to approximately 61,000 employees, with a focus on attracting and retaining skilled talent in a competitive industry. The company has also entered into strategic customer agreements that provide long-term supply commitments, enhancing revenue predictability. As of September 3, 2026, Micron's cash and marketable investments totaled $73.5 billion, reflecting a strong liquidity position to support ongoing operations and capital expenditures.

Looking ahead, Micron anticipates continued growth driven by AI and data-centric applications, although it acknowledges potential challenges related to market conditions, supply chain constraints, and geopolitical factors. The company remains committed to advancing its technology and expanding its production capacity to meet future demand, while also navigating the complexities of the semiconductor industry.