Micron Forecasts $61.5 Billion Revenue as AI Memory Demand Stays Strong

Micron has given investors fresh evidence that the AI spending boom is reaching memory suppliers. On 30 September, the US chipmaker forecast revenue of $61.5 billion, plus or minus $1.5 billion, for its first fiscal quarter—above the $57.02 billion analysts expected, according to Reuters.

The outlook follows a record quarter: revenue reached $54.23 billion, compared with $11.32 billion a year earlier, Micron’s results release shows.

Customers are also making bigger commitments to secure supply. Micron said financial commitments under long-term agreements had risen to $32 billion from $22 billion in June, with most taking the form of cash deposits. Those commitments are not the same as revenue already earned.

For the wider technology sector, the results suggest AI infrastructure demand remains strong beyond the processors at the centre of the boom. Memory is a major part of that buildout.

Supply remains the constraint. Micron expects tighter memory and storage market conditions in fiscal 2027 and 2028 than in 2026 and plans to increase investment in capacity. The forecast is encouraging, but converting that demand into sales still depends on delivering more chips.

Sources: Reuters, via MarketScreener (30 September 2026); Micron fiscal Q4 2026 results (30 September 2026).

Cover photo: Micron’s fabrication plant in Taichung, Taiwan, 24 November 2023. Illustrative file photo by Thingreenline4546 / Wikimedia Commons, licensed under CC BY-SA 4.0. Cropped. Adapted image licensed under CC BY-SA 4.0.