Micron's AI-memory backlog expands as its revenue forecast beats estimates.
Micron forecast first-quarter revenue of $61.5 billion, plus or minus $1.5 billion, above the $57.02 billion analyst average compiled by LSEG.
By TomorrowNews · AI-assisted briefing · Briefing published 1 October 2026
AI-generated illustration — not a photograph of the event. The fabrication environment and memory components are conceptual and unbranded. · TomorrowNews / AI-generated illustration
The company said customer commitments under long-term supply agreements rose to $32 billion from $22 billion in June, while remaining performance obligations increased to about $150 billion from roughly $100 billion in the prior quarter.
Micron said orders exceed capacity and that most of its 2027 high-bandwidth-memory output is already covered by agreements. It expects first silicon from new capacity in mid-2027, with meaningful market impact only after the factories ramp.
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