Micron Forecasts $61.5 Billion Quarterly Revenue

The memory chipmaker projected record first-quarter fiscal 2027 revenue as supply remains tight across the industry.

Updated on Nov. 1, 2026 in Semiconductors

Isometric editorial illustration of a stacked column of plain memory chip dies on a slate plate with mustard bonding wires, evoking the memory chip supply story. — Micron Technology forecast $61.5 billion in revenue for its first fiscal quarter of 2027, citing memory supply that will stay tight through 2028. AI Illustration. Upload story photo >

Micron Technology forecast $61.5 billion in revenue for first-quarter fiscal 2027, following record fourth-quarter revenue of $54.23 billion. The company posted $133.19 billion in fiscal 2026 revenue.

Why it matters

The forecast signals continued strength in memory chip demand and pricing, with Micron projecting tight supply through 2028. Rivals including Kioxia, SK Hynix and Intel have flagged market conditions, including slowing NAND price gains and high memory costs.

Micron's forecast carries a margin of $1.5 billion above or below the estimate, and its fiscal 2026 revenue reached $133.19 billion. Long-term supply agreements cover more than 35% of its revenue through 2030, though the source does not detail how pricing will move beyond that period.

The players

Micron Technology

Micron Technology is a U.S.-based semiconductor company that manufactures memory and storage chips used in computing and data center products.

Kioxia

Kioxia is a Japanese memory chip manufacturer that produces NAND flash memory.

SK Hynix

SK Hynix is a South Korean semiconductor manufacturer known for its dynamic random-access memory and NAND flash products.

Intel

Intel is a U.S. semiconductor company that designs and manufactures processors and other computing chips.

The details

Micron said it expects memory supply to stay tight through 2028 and anticipates an even stronger fiscal 2027. Kioxia warned that NAND price gains are slowing, while SK Hynix described memory markets as tight and Intel flagged high memory costs.

Fiscal 2026: Micron posted $133.19 billion in revenue.
Fourth quarter of fiscal 2026: Micron reported record revenue of $54.23 billion.
First quarter of fiscal 2027: Micron forecast $61.5 billion in revenue.
Through 2028: Micron expects memory supply to stay tight.
Through 2030: Long-term supply agreements cover more than 35% of Micron's revenue.

The Tech Race

Micron's forecast extends the current memory upcycle, with the company projecting tight supply through 2028. Kioxia's warning that NAND price gains are slowing suggests the pace of that cycle may be moderating even as demand holds.

Tight memory supply and high memory costs can affect the pricing and availability of computers, phones and data center hardware. Consumers and businesses buying devices that rely on memory chips may see those costs reflected in product prices over the coming year.

The takeaway

Memory chip costs remain a key factor across the technology supply chain, so buyers planning hardware purchases may want to account for continued price pressure through 2028.