Micron Revenue Soars 379% to $54.23B as AI Memory Demand Surges

What happened: Micron reported fiscal Q4 revenue of $54.23 billion, up 379% year-over-year, and net income of $37.7 billion. DRAM revenue accounted for $39.77 billion, and over 75% of 2027 high-bandwidth memory (HBM) output is already locked in by customers. Despite the blowout numbers, Micron's stock traded flat after-hours, having already gained 500% in the prior year.

Why it matters: The extraordinary growth in Micron’s revenue and margins underscores the explosive demand for AI memory chips, with implications for the broader AI and data center ecosystem. The muted stock reaction suggests that much of the optimism was already priced in, reflecting the market's forward-looking nature. While not a crypto story, the results highlight the deepening intersection between AI infrastructure and digital asset markets.

Source: CNBC