Micron Technology, the US memory chip manufacturer, has seen its net profit and revenue increase significantly in the fourth quarter of the 2026 financial year, thanks to strong demand for its products and a surge in their prices.
According to the company’s press release, its net profit for the quarter ending 3 September stood at $37.7 billion, or $32.87 per share, compared with $3.2 billion, or $2.83 per share, in the same period a year earlier.
Adjusted earnings per share were $33.42. Analysts surveyed by LSEG had, on average, expected $31.61 per share.
Micron’s quarterly revenue rose to $54.23 billion from $11.3 billion a year earlier, against a market consensus forecast of $51.07 billion.
Micron is one of the world’s leading players in the DRAM memory chip market.
Revenue in the cloud computing memory chip segment nearly tripled in the last financial quarter to $16.28 billion, in the data centre chip segment, it soared 11-fold (to $18 billion), in the mobile devices segment by three and a half times (to $13.11 billion), and in the automotive segment by almost five times, to $6.82 billion.
According to Micron’s forecast, its revenue for the current financial quarter will amount to $61.5 billion, whilst the market had expected this figure to be $57 billion. The forecast for adjusted earnings is $38.15 per share (analysts’ forecast is $35.4 per share).
The board of directors has approved a quarterly dividend of 15 cents per share. The payment will be made on 29 October, with the record date set for 14 October.
Micron’s shares rose by 0.4 per cent in after-hours trading on Wednesday. Over the past 12 months, the company’s market capitalisation has increased almost sixfold, to $1.2 trillion.