With all the AI-fueled memory and storage shortages, the average price of DRAM and NAND storage is sky-high. As such, it’s little surprise to hear that Micron Technology, a memory and data storage chip manufacturer, is raking it in. The company has published its Q4 2026 and full 2026 results, boasting $133.19 billion in revenue in 2026 – a massive increase compared to $37.38 billion last year.

Q4 2026 revenue also brings further growth, sitting at $54.23 billion versus $41.46 billion in the previous quarter, and a hefty jump from the $11.32 billion in revenue this time last year. If that wasn’t enough, Micron says, “We expect an even stronger fiscal 2027,” and comments made during its fourth-quarter earnings call reveal the company has already committed “more than 75%” of its output for 2027.

Over 75% of output for 2027 is already committed

In manufacturing terms, committed stock/output represents the amount of demand promised to its partners. In fact, Sanjay Mehrotra, Chairman, President, and CEO of Micron Technology, says most of its discussions these days have already moved on to 2028. Mehrotra says customers are already seeking assurance beyond 2030 due to heavy demand within the industry.

“I’ll tell you that 2027, more than 75% of our output is already committed for 2027, and the majority of discussions with our customers today are already around 2028. So overall, the industry demand-supply environment and the outlook is in a very healthy place here. And we do not have, in this strong demand environment, we do not have line of sight to when supply and demand will get in balance, and customers want assurance now even beyond the 2030 timeframe.”

Sanjay Mehrotra – Chairman, President & CEO of Micron Technology

“AI is becoming Super Intelligence (SI), and memory enhances this intelligence and the competitiveness of our customers’ platforms,” says Mehrotra. The financial report also highlights a few advancements on the product side of things, such as sampling ultra-dense, high-capacity 512GB DDR5 RDIMM modules, and completion of 8,800 MT/s high-speed server RDIMM modules.

Micron is practically all-in on catering to AI firms building data centers after axing its popular Crucial RAM and SSD brand late last year. The gaming brand was ditched in favor of “faster-growing segments,” and it’s obvious where the profits lie right now. Despite the loss of Crucial, Micron still says it helps “consumers around the world” with its current supply.

About the Author

Jack Goodall

At PC Guide, Jack is mostly responsible for reporting on hardware deals. He also specializes in monitors, TVs, and headsets and can be found putting his findings together in a review or best-of guide.