Micron Revenue Surges to $54.23B, Forecasts $61.5B

Key Takeaways

• Micron beat Q4 estimates with revenue of $54.23 billion and adjusted EPS of $33.42
• DRAM sales surged 343% YoY, now 73% of total sales driven by AI data center demand
• Micron forecasts Q1 FY2027 revenue of $61.5 billion, above market expectations
• Long-term supply agreements grew to $32 billion from $22 billion in June
• Micron has a custom HBM implementation with Nvidia on its product roadmap
• Japanese chip stocks rallied: Advantest up 8%, Lasertec up 10%, Tokyo Electron up 6%
• Nikkei rose 2.8% to 68,606.81 points on the Micron-driven AI trade

Micron beats Q4 estimates on AI demand, shares jump

Micron Technology reported fourth-quarter revenue of $54.23 billion and adjusted earnings of $33.42 per share, beating Wall Street expectations. The company forecast first-quarter fiscal 2027 revenue of $61.5 billion and adjusted earnings of $38.15 per share, both above analyst consensus. CEO Sanjay Mehrotra said the company expects an even stronger fiscal 2027, citing AI demand and strategic customer agreements. Shares rose as much as 1% in aftermarket trading.

Japanese chip stocks surge after Micron earnings report

Japanese chipmakers rallied on Thursday after Micron reported strong fiscal fourth-quarter results and a positive outlook driven by AI demand. Advantest rose nearly 8%, Lasertec surged 10%, and Tokyo Electron added 6%. Micron said long-term supply agreements grew to $32 billion from $22 billion in June. The rally lifted Japan's Nikkei 2.8% to 68,606.81 points.

Micron revenue quadruples as AI memory demand soars

Micron more than quadrupled its revenue year over year and beat Wall Street expectations on both earnings and sales. DRAM sales jumped 343% and now make up 73% of total sales, driven by high-bandwidth memory used in AI data centers. CEO Sanjay Mehrotra said the company has a strong roadmap for future HBM products, including a custom HBM implementation with Nvidia. Analysts warn the memory industry has a history of boom and bust cycles.

Japanese chipmakers rally as Micron results boost AI trade

Japanese chip stocks surged after Micron reported fiscal fourth-quarter results that showed strong AI-driven demand. Micron forecast first-quarter revenue of $61.5 billion, above market expectations. Long-term supply agreements rose to $32 billion from $22 billion in June. The rally helped lift Japan's Nikkei 2.8% to 68,606.81 points with gains concentrated in semiconductor-related shares.

Epic Systems uses AI to find security risks in health records

Epic Systems, the nation's largest medical records vendor, is using Anthropic's Claude Mythos AI agent to stress-test its systems and find security holes. The vulnerability could give hackers undetectable access to patient health data. CEO Judy Faulkner revealed the weakness and a six-week plan to fix it at an industry conference. Epic maintains records of 325 million patients in the United States and other countries.

Epic Systems uses AI to uncover security flaws in patient records

Epic Systems used Anthropic's Claude Mythos model to find security weaknesses in its platform. The flaws could let hackers view or possibly alter health records for 325 million patients. Epic's Chief Security Officer said customers must prepare for frequent security updates. The company also faces a phishing campaign using AI-generated fake emails targeting MyChart users.

Software is now winning alongside chips in the AI race

Software is becoming as important as hardware in the AI boom. AI agents like Meta's Muse and OpenAI's Dots drive demand for more computing power. Open-weight models are putting pricing pressure on OpenAI and Anthropic. User-friendly app design is proving crucial for mass-market AI success.

NVIDIA opens 2027-2028 Graduate Fellowship applications with awards up to $60,000

NVIDIA's Graduate Fellowship Program is accepting applications for the 2027-2028 academic year. The program supports students in AI, machine learning, robotics, healthcare and other fields. Awards are up to $60,000 per student. Applicants must have completed at least one year of Ph.D.-level studies. The deadline is October 30, 2026, and an in-person internship at NVIDIA is required.

Factory launches automations for recurring engineering and work tasks

Factory introduced automations that handle repetitive tasks like code review, security checks and meeting recaps. Users can describe workflows in natural language and Droid runs them on a schedule or event trigger. You can choose the model and machine for each task. About 30 percent of code review automation runs use an open-weight model.

CoreWeave expands partner network and lands clinical AI deal

CoreWeave's Partner Network now includes infrastructure, data services and AI agent tool providers. Exa, Parallel Web Systems and You.com joined to give agents a shared search layer. CoreWeave was selected by Ennoble Care to support clinical AI inference using NVIDIA RTX PRO 6000 Blackwell Server Edition nodes. CoreWeave says its Kubernetes Service spins up containers eight to ten times faster than general-purpose cloud alternatives.

China's AI shows strength in major hacking contest

A cybersecurity company called Tenzai won a three-month hacking contest called HackerOne. It found vulnerabilities in networks run by governments, banks, and airlines. Tenzai did not use AI tools from Anthropic or OpenAI. Instead it used China's open-weight AI systems. The victory showed how powerful Chinese AI approaches have become.

Google launches AI training push for small businesses

Google announced 100,000 AI training scholarships with the YMCA and over $2.7 million in funding for the Canadian Chamber of Commerce. The programs aim to help over 10,000 small and medium-sized businesses adopt AI tools. The Canadian government wants 60 percent of businesses using AI by 2034. A report estimates generative AI could boost Canada's economy by $230 billion. Small business owners say they need time and skills to implement AI effectively.

Urine therapy believers turn to AI for support

People who drink their own urine are using AI chatbots to support their beliefs about urine therapy. Facebook groups with tens of thousands of members have embraced this practice. Users found ways to bypass AI safety filters by asking for esoteric knowledge. AI chatbots then promoted health claims about urine that lack scientific evidence. Most medical experts warn that urine contains waste and bacteria the body needs to expel.

Taxpayers subsidize Meta's AI data centers

A New York Times report reveals Meta has claimed billions in tax credits for its AI data centers. Meta classified its data centers as pilot models to qualify for research and experimentation tax credits. The company buys chips from Nvidia for these centers. Meta's free cash flow dropped to $784 million, an $8 billion decrease from the same period last year. Meta's own accountants worry the IRS could challenge these tax savings.

Sources

• Micron beats Q4 estimates on AI-fueled demand, gives strong fiscal 2027 outlook
• Japanese chipmakers rally as Micron earnings boost AI trade
• Micron’s Revenue More Than Quadrupled. Here’s What Comes Next for the AI Chipmaker.
• Japanese chipmakers rally as Micron earnings boost AI trade
• Medical Records Firm Uses AI Tool to Expose Flaws that Threaten Patient Privacy
• Epic Systems used AI to find security flaws that could expose patient records
• In AI race, software is now winning alongside chips
• NVIDIA Opens Applications for 2027–2028 Graduate Fellowships With Awards Up to $60,000
• Automate the work that keeps coming back
• Can CoreWeave's Partner Network and AI Deals Expand Its Reach?
• A Hacking Competition Shows the Power of China’s Approach to A.I.
• Small businesses look to put AI to work as Google launches training push
• People Who Drink Their Own Pee Are Obsessed With AI, Using It to Reassure Themselves That It's a Miraculous Cure-All
• Taxpayers Have Been Subsidizing Meta's AI Data Centers: Report