Micron Technology Reports Over 800% Net Profit Increase for Fiscal Year 2026
Micron Technology has released its fiscal year 2026 annual report, detailing substantial financial growth. The company's net profit surged to $84.97 billion, an increase of 895.07% year-over-year.
Memory chip manufacturer Micron Technology has announced its fiscal year 2026 results, showcasing significant financial expansion.
For the full fiscal year 2026, which concluded on September 3, 2026, the company reported a net profit attributable to the parent company of $84.97 billion. This figure represents a substantial year-over-year increase of 895.07%.
Total revenue for the year reached $133.19 billion, marking a 256.33% rise. Gross profit stood at $107.50 billion, with a gross margin of 80.7%. Operating cash flow was reported at $89.67 billion, an increase of 411.7% compared to the previous year.
In the fourth fiscal quarter of 2026, Micron generated $54.23 billion in revenue, up 379.27% from the prior year's fourth quarter. The net profit for the quarter was $37.70 billion, an increase of over 1000% year-over-year.
Micron also noted the commencement of production for new memory modules and the shipment of several new products targeting areas such as AI workstations and mobile devices.