Micron set to become US's third most profitable firm by 2027

Micron Technology, the U.S. memory‑chip maker, is projected to climb to the third‑most profitable company in the S&P 500 by 2027, with an estimated operating profit of $200.8 billion, according to FactSet‑adjusted forecasts. The outlook is driven by a sustained shortage of high‑bandwidth memory (HBM) needed for large AI models, which has enabled Micron to raise average DRAM selling prices by over 60 % and secure multi‑year contracts that cover 50‑66 % of customer demand.

The company’s fourth‑quarter revenue surged to $41.45 billion, up four‑fold from a year earlier, while net profit rose sharply from $1.88 billion to $28.2 billion. Analysts cite long‑term agreements with major AI‑system manufacturers such as Nvidia and cloud providers, as well as 16 new strategic customer deals across data‑center, consumer and automotive markets. Micron’s market capitalization has approached $1.27 trillion, closing the gap with tech giants like Meta and Tesla, and its stock has gained more than 200 % over the past month.