Micron Technology (MU) reported better-than-expected fiscal fourth-quarter results Wednesday and issued strong guidance as surging artificial intelligence infrastructure spending continues to drive unprecedented demand for memory chips.<\/p>\n\n\n\n
Micron posted adjusted earnings of $33.42 per share, topping the $31.61 expected by analysts surveyed by LSEG. Revenue reached $54.23 billion, ahead of the $51.07 billion consensus estimate and nearly four times the $11.32 billion generated a year earlier.<\/p>\n\n\n\n
Net income surged to $37.7 billion, or $32.87 per share, compared with $3.2 billion, or $2.83 per share, in the year-ago period.<\/p>\n\n\n\n
The company also delivered an upbeat outlook. For its fiscal first quarter, Micron expects approximately $61.5 billion in revenue and adjusted earnings of $38.15 per share. Wall Street had been expecting $57 billion in revenue and adjusted EPS of $35.40.<\/p>\n\n\n\n
Micron continues to benefit from a worldwide memory shortage fueled by explosive demand for AI computing infrastructure. The company is the only U.S.-based manufacturer of high-bandwidth memory, or HBM, a critical component used alongside advanced processors from Nvidia and AMD to handle demanding AI workloads.<\/p>\n\n\n\n
The strongest growth came from Micron\u2019s data center business, where quarterly revenue increased elevenfold to $18 billion.<\/p>\n\n\n\n
Micron shares have climbed more than 500% over the past year as investors price in rapidly expanding AI-related memory demand.<\/p>\n\n\n\n
To address the supply shortage and capture future growth, Micron is investing $250 billion in manufacturing expansion, including new facilities in New York and Idaho.<\/p>\n\n\n\n
Competition remains intense, with SK Hynix and Samsung also expanding HBM production. However, persistent supply constraints and growing memory requirements for increasingly powerful AI systems continue to provide a favorable backdrop for Micron\u2019s business.<\/p>\n","protected":false},"excerpt":{"rendered":"
Revenue nearly quadruples as the global memory shortage and booming demand for high-bandwidth memory fuel record growth Micron Technology (MU) reported better-than-expected fiscal fourth-quarter results Wednesday and issued strong guidance as surging artificial intelligence infrastructure spending continues to drive unprecedented demand for memory chips. Micron posted adjusted earnings of $33.42 per share, topping the $31.61 […]<\/p>\n","protected":false},"author":1,"featured_media":5026,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[]},"categories":[482,362,312,311,310],"tags":[420,416,697,418,417],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/11253"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=11253"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/11253\/revisions"}],"predecessor-version":[{"id":11254,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/11253\/revisions\/11254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/5026"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=11253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=11253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=11253"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=11253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}