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Micron posts record Q4 revenue, beats forecasts, and projects strong growth through 2028 driven by AI demand.

Company Fundamentals
30 Sep 2026
Seeking Alpha
View Source
Bullish
Micron posts record Q4 revenue, beats forecasts, and projects strong growth through 2028 driven by AI demand.

Micron Technology reported a historic fiscal Q4 with record revenue and margin growth fueled by strong demand for AI-related high-bandwidth memory (HBM) and data center products. The company’s forward guidance surpasses market expectations, securing HBM contracts through 2027 and anticipating continued rapid growth into 2028. Despite this strong operational performance and robust cash flow, Micron’s stock remains undervalued at just 6.6 times projected fiscal 2027 earnings. Management is also returning capital aggressively through buybacks and dividends while maintaining a strong balance sheet and cost controls, signaling confidence in sustained growth.

Micron Technology holds a substantial market cap of $1.20 trillion as of October 1, 2026, with a daily trading volume of over 18.6 million shares on Pluang. Despite the company’s strong fiscal Q4 results and optimistic guidance, its stock price on Pluang is down slightly by 0.95% at USD 1,055.00 as of 04:11 WIB. The dividend yield remains low at 0.05%, while investor sentiment is fairly balanced with 55% of Pluang users buying and 45% selling. This data highlights active interest in Micron amid its robust growth outlook.

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Micron beats Q4 estimates with 379% revenue surge, forecasts strong Q1 on AI memory demand

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