Micron hits 88% margin on consumer memory

Micron reported fiscal Q4 2026 results with record revenue of $54.23 billion and an 87% gross margin. Its Mobile and Client unit posted an 88% operating margin, yet was the only segment to ship less memory during the quarter.

• Quarterly revenue reached $54.23 billion, nearly 5x the year-ago figure
• Mobile and Client operating margin jumped from 29% to 88%
• Core Data Center margin rose from 25% to 85%, Automotive from 20% to 79%
• Fiscal Q1 2027 guidance: revenue of $61.5 billion ± $1.5 billion