Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold

Micron reported fiscal fourth-quarter adjusted earnings of $33.42 per share, above the Wall Street estimate of $31.61. The Information says revenue reached $54.2 billion for the quarter ended Sept. 3, driven by demand for high-bandwidth memory used in AI chips. CNBC reports data center revenue rose 11-fold and the stock is up over 500% in a year.

• Earnings figure excludes certain costs such as stock compensation, according to SiliconANGLE.
• CNBC says Micron also issued strong guidance alongside the results.

Covered by 3 publishers within 14 hours of the first report.

Reporting3

SA SiliconANGLE Micron almost quadruples its revenue thanks to AI’s insatiable demand for memory chips · Mike Wheatley 7:37 PM

TI The Information Revenue Quintupled at AI Memory Maker Micron · Amir Efrati 7:46 PM

CN CNBC Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold 9:59 AM

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Topics MicronData centers