Micron shares slip 1.23% after fiscal 2026 10-K reports $133.19 billion revenue
Micron's FY2026 10-K reported record revenue (+256% YoY), with DRAM and NAND growth driven by AI data-center demand and tight memory supply. The filing also underscored capacity expansion plans supported by CHIPS Act grants and tax credits, reinforcing a constructive industry backdrop. However, the stock's decline despite strong fundamentals points to near-term positioning and valuation sensitivity across semiconductors.
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Micron disclosed in its fiscal 2026 10-K filing with the SEC that total revenue reached $133.19 billion, up 256% year over year. DRAM revenue rose 252% to $100.68 billion, while NAND revenue increased 274% to $31.79 billion. The company said its projects are supported by $6.4 billion in CHIPS Act grants and a 35% qualified investment tax credit. Despite the results, the stock fell 1.23% on Friday.