Micron reported $14.1 billion in NAND revenue for fiscal Q4 2026, up 42% sequentially, as average selling prices rose roughly 30% and bit shipments increased about 10%, fueled by data center SSD demand that reached nearly $10 billion and comprised over two-thirds of total NAND sales. The company guided fiscal Q1 2027 total revenue at $61.5 billion (±$1.5 billion), implying further NAND growth toward the mid-teens billion range if historical mix holds, amid expectations of tighter industry supply-demand through 2028 despite mid-20% bit shipment growth. Management highlighted strong long-term customer commitments, limited near-term capacity additions, and a strategic shift toward higher-value enterprise SSDs over consumer segments. Traders are monitoring AI infrastructure spending trends and any signs of pricing moderation ahead of fiscal Q1 results, expected in January 2027.