Micron guides $61.5B as AI memory demand surges

Micron reported record fiscal Q4 revenue of $54.23 billion and guided fiscal Q1 2027 to $61.5 billion ± $1.5 billion, citing AI-driven demand and operational execution. Its SEC-filed results show the Cloud Memory unit at $16.28 billion and Core Data Center at $18.00 billion in the quarter, while new server-memory and KV-cache products are shipping to customers. AI infrastructure buyers should treat memory as a capacity constraint with its own supply and pricing cycle; the archive’s HBM supply analysis is the relevant baseline.