Micron Technology forecast fiscal first-quarter 2027 revenue at a $61.5 billion midpoint after posting $133.19 billion for fiscal 2026, while expecting memory demand to outstrip supply through 2028.
The outlook spans $60 billion to $63 billion, reflecting $1.5 billion above or below the midpoint. That is a forecast for the coming fiscal quarter; fiscal fourth-quarter revenue was $54.23 billion.
The company recorded $133.19 billion in fiscal 2026 revenue, according to its results release. Chairman and CEO Sanjay Mehrotra said the company expects fiscal 2027 results to surpass its fiscal 2026 record.
Micron's prepared remarks project an industry shortfall against memory demand in calendar 2027 and 2028. The company expects DRAM and NAND supply conditions to be tighter in both years than in 2026. The supply projection uses calendar years, while the revenue outlook covers a fiscal quarter.
Micron's prepared remarks do not identify when DRAM supply will catch up with demand. The company described the projected shortfall as industrywide; EconoTimes previously covered its memory supply outlook through 2028.
Micron has also said 26 customer agreements may account for more than 35% of revenue through 2030, as detailed in EconoTimes' earlier coverage of its customer commitments.
Intel has cited high memory costs, while SK Hynix has described supply as tight. Kioxia warned that NAND price gains are losing momentum.
