Micron CFO: Humanoid Robots to Drive Memory Demand, Each Unit Needs Over 200GB DRAM

At Micron's fiscal 2026 annual earnings call on October 1, the company's chief financial officer said humanoid robots will become a new engine for memory demand, with each unit requiring more than 200GB of DRAM and several terabytes of NAND flash. He added that physical AI will become a major driver of memory demand by the end of this decade.

Micron believes memory prices are unlikely to fall even if the AI bubble bursts. The company predicts that memory and storage supply-demand conditions in 2027 and 2028 will be tighter than in 2026, and it is currently unclear when the balance will be restored.

For the fourth quarter of fiscal 2026 (May 29, 2026 to September 3, 2026), Micron reported revenue of $54.23 billion, up 379% year over year, with adjusted earnings per share of $33.42 and a gross margin of 87.0%, beating analyst expectations. The company guided fiscal Q1 2027 revenue at $61.5 billion and adjusted EPS of $38.15, noting that gross margin in that quarter would be the low point for the year before improving sequentially.

Micron's fiscal 2026 covered September 5, 2025 to September 3, 2026. Full-year net income attributable to shareholders was $84.969 billion, up 895.07% year over year.