On October 1, Micron Technology (MU.O) released its financial results for the fourth quarter of fiscal year 2026, reporting revenue of $54.229 billion, significantly surpassing the $11.315 billion recorded in the same period last year and exceeding market expectations of $50.584 billion. Micron's sales forecast for the current quarter also outperformed market expectations, primarily driven by substantial demand from the rapid development of artificial intelligence. In a statement released on Wednesday, the company disclosed that it anticipates revenue for the first quarter of the next fiscal year to range between $60 billion and $63 billion, compared to analysts' average estimate of $56.8 billion. Additionally, Micron forecasts that memory and storage supply and demand conditions will be even tighter in fiscal years 2027 and 2028 compared to 2026. After accounting for certain items, the company expects profits to be approximately $38.15 per share, higher than the projected $36.02. Following the earnings release, Micron's stock price rose slightly in after-hours trading, with gains of less than 1%. Analysts from Morgan Stanley noted that current market conditions remain exceptionally robust, with strong demand and notable price increases, and the focus of market discussions has shifted from growth potential to how long this favorable trend can persist.