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What changedMicron reported fourth-quarter revenue of $54.23 billion, up 379% year on year, CNBC reports. That was above the $51.07 billion expected by analysts.
Net income rose 1,078% to $37.7 billion, according to CNBC. The figures add detail to the earnings beat, beyond the earlier report of a share-price rise linked to AI demand.
Micron also forecast first-quarter revenue above analysts’ estimates, CNBC reports, though the report excerpt gives no forecast figure. The results offer a fresh measure of the financial scale of demand for memory used in AI infrastructure.
Sources and evidence- Micron reports Q4 revenue up 379% YoY to $54.23B, vs. $51.07B est., net income up 1,078% to $37.7B, and forecasts Q1 revenue above estimates (CNBC): CNBC reports Micron’s fourth-quarter revenue was $54.23 billion, up 379% year on year and above the $51.07 billion estimate; net income was $37.7 billion, up 1,078%; and its first-quarter revenue forecast was above estimates.
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