“Micron delivered record fiscal 2026 results, and we expect an even stronger fiscal 2027,” said Sanjay Mehrotra, Chairman and CEO of Micron Technology. “AI is becoming Super Intelligence, and memory enhances this intelligence and the competitiveness of our customers’ platforms. We are increasing our investments in technology, products and manufacturing to help drive SI forward with our customers, and our Strategic Customer Agreements provide added confidence in the durability of Micron’s financial performance.”

Looking to the first-quarter of fiscal 2027, Micron said it expects adjusted earnings between $37.15 and $39.15 per share, above the $35.47 per share estimate. Sales are forecast to be between $60B and $63B, well above the $57.4B estimate.

Julian Lin, Investing Group Leader for Best Of Breed Growth Stocks, said the results were “stellar,” citing the magnitude of how much better they were than the consensus.

“But the numbers likely matter less than the sentiment with regards to the sustainability of the growth story,” Lin said via email. “The rise of personal agents like Muse [leads] me to the view that this story is still in the early innings.”