EL7.AI
StocksMedium•22 October 2026•
4 min read

Micron forecasts $61.5 billion in revenue, ties memory roadmap to AI needs

Key Facts

1Micron forecasts revenue of $61.5 billion for the first quarter of fiscal 2027, plus or minus $1.5 billion.
2Fourth-quarter revenue reached $54.23 billion, compared with $41.46 billion in the preceding quarter and $11.32 billion a year earlier.
3Micron plans to invest $10 billion in its research laboratories over the next decade.
4Morgan Stanley maintained its Overweight rating and a price target of $1200 per share in a report preceding the seminar.
5Micron expected high-volume production of "HBM4E" memory to begin during calendar 2027.

Micron tied its technology roadmap to the needs of future artificial intelligence infrastructure and scheduled a seminar to present it on October 21, 2026, at 8 a.m. Mountain Time, according to a company announcement. It said this infrastructure requires "significantly higher bandwidth, capacity and efficiency" in handling data. The company thus placed memory's ability to transfer and accommodate data, and the efficiency of handling it, at the heart of the roadmap it announced for the seminar. Micron had said in its fiscal third-quarter earnings disclosure that fourth-generation high-bandwidth memory, known as "HBM4," had already reached high-volume shipments. In the disclosure filed with the U.S. Securities and Exchange Commission, it said the memory is built on its "1-beta" dynamic random-access memory technology node. The product represents the existing commercial side of the memory roadmap the company links to meeting AI infrastructure needs.

The focus on Micron's technology plans comes after it reported revenue of $54.23 billion for the fourth quarter of fiscal 2026, according to its earnings statement. Micron compared that figure with revenue of $41.46 billion in the preceding fiscal third quarter. In the fourth quarter of fiscal 2025, the company's revenue was $11.32 billion, according to the year-earlier comparison in the same statement. On the stock, Morgan Stanley maintained its Overweight rating on Micron with a price target of $1200 per share, according to a report published by Investing.com on October 1, 2026. The bank's stance thus preceded the technology seminar the company scheduled for later in the month.

In the race for the next generation of AI memory, SK Hynix announced that it had shipped samples of "HBM4E" memory to major customers. The company described the product in its announcement as the next generation of dynamic random-access memory for AI. Samsung, for its part, announced that it had begun shipping samples of the same generation to major global customers. Samsung said the samples it had begun shipping consist of 12 layers. These announcements place the delivery of products to customers at the sampling stage within the competitive race among memory makers for the next generation aimed at AI applications.

Micron is backing its long-term research with a planned $10 billion investment in its research laboratories, according to an announcement it issued in August 2026. The investment spans the decade following the announcement to fund long-term memory and computing innovations. The company described the laboratories as a U.S.-based innovation hub intended to help shape the future of memory and AI. In a separate announcement in September 2026, Micron introduced a new server memory module targeting speeds of up to 9200 million transfers per second. It said AMD and Intel were working to validate the module. These steps combine funding for long-term research with work alongside semiconductor partners to validate a product aimed at the next generation of servers.

On supplies of memory manufacturing materials, Micron announced strategic funding for Indium Corporation to expand its operations. It said the funding enables the company to expand refining and manufacturing in Rome, New York. In Taiwan, Micron reached an agreement with the Taichung union, according to a Reuters report published by Investing.com. But labor risks persisted as the Taoyuan union announced that its representatives intended to stage a strike outside the company's Taoyuan facility. The union set the announced action for 24 hours on October 22, 2026, according to the report published before the scheduled strike.

For the first quarter of fiscal 2027, Micron forecast revenue of $61.5 billion in its fourth-quarter earnings statement. The company set the range around that estimate at plus or minus $1.5 billion. On upcoming products, Micron had discussed the development of "HBM4E" memory in its fiscal third-quarter earnings disclosure. In that disclosure, it expected high-volume production of this generation to begin during calendar 2027. The announced timetable places volume production of the product within next year's plans, alongside the revenue forecast the company issued for the start of its fiscal year.