Micron solidified its position in the technology world by announcing its fourth-quarter results for fiscal year 2026. The company is particularly noteworthy for its claims regarding the memory needs of humanoid robots. Micron exceeded market expectations by achieving $54.23 billion in revenue in the fourth quarter of fiscal year 2026. The company’s adjusted earnings per share were $33.42, representing a 379% increase year-over-year.

Financial Success and Future Expectations

Micron’s CFO stated that the first quarter of fiscal year 2027 will be a baseline for gross margins. The company anticipates that gross margins will increase for the remainder of the year and that revenues will gradually rise each quarter.

Acknowledging that HBM technology yields lower margins compared to classic DRAM, the company has fixed a large portion of its 2027 supply at high prices. This strategy is expected to close the margin gap.

The company has signed 26 multi-year agreements guaranteeing more than 35% of its expected revenue by 2030. Micron emphasizes that the supply and demand stability for memory and storage in 2027 and 2028 will be much tighter than in 2026.

Despite plans for additional industrial DRAM pack rooms, Micron does not have a clear view on when supply and demand will balance. The company plans to make $25 billion in capital expenditures in the first half of fiscal year 2027.

Humanoid Robots Will Shape the Memory Market

Micron believes that humanoid robots will be a significant driver of future memory and storage demand. The company estimates that each humanoid robot will require over 200 GB of DRAM and several terabytes of NAND storage capacity.

According to Morgan Stanley data, annual humanoid robot shipments are expected to be between 250,000 and 1.2 million units in 2030. This number is projected to reach 930 million units annually by 2050.

A large portion of these expenditures will be allocated to construction projects aimed at increasing cleanroom capacity by the end of 2028. Micron believes that even if the AI ​​bubble bursts, this new generation of robotics will keep the demand for memory alive.

This doesn’t paint a very optimistic picture for consumers who expect memory prices to fall in the near future. How do you think the proliferation of humanoid robots will affect memory prices?

Micron has stated that humanoid robots will require over 200 GB of DRAM. Details about memory prices and supply-demand stability in 2027 are in our news.