Micron's current earnings guidance, if repeated across four consecutive quarters, would generate more profit in fiscal 2027 than Microsoft earned in its record fiscal 2026, according to a Motley Fool analysis of the memory chipmaker's guided results. Micron makes DRAM and NAND memory chips used in servers, PCs and phones.
The comparison highlights how sharply memory prices and demand, driven in large part by AI data center buildout, have lifted Micron's margins. Memory chips have historically been a cyclical, low-margin business, so a quarter where Micron's profit trajectory rivals a software giant like Microsoft marks an unusual moment for the industry.
The catch is durability. Micron's memory business is tied to chip pricing cycles that have swung sharply before, and whether the current pace holds through all of fiscal 2027 depends on memory prices staying elevated and AI-related demand not cooling.