On September 30, Micron released its Q4 earnings report.
Revenue was $54.2 billion, up 379% year over year. EPS was $33.42, up 1,000% year over year. Gross margin was 87%.
It marked the sixth consecutive quarter setting a new revenue high, and the eighth consecutive quarter beating expectations.
Then the Q1 guidance: $61.5 billion, about 8% higher than analysts’ expected $57.0 billion.
This is one of the strongest tech-stock earnings reports of the year.
After-hours, the stock price rose 0.4%.
What’s worth saying about this event is more than the earnings figures themselves:
Micron is up more than 500% this year. The $54.2 billion quarterly revenue, $33.42 EPS, and 87% gross margin—these numbers were already priced in in advance. Analysts’ expectations going into the report were already high. Micron only “beat expectations,” without “far exceeding even the most optimistic scenario,” so the upside was limited.
But CEO Sanjay Mehrotra said something:
“AI is becoming superintelligent, and memory is at the core of that intelligence.”
He also said Micron is working with Nvidia to develop the industry’s “first customized HBM implementation.”
Data center revenue grew 11x year over year—this is what the global AI infrastructure buildout looks like when the bill shows up in a memory company.
For BTC: Micron’s earnings report again confirms that AI compute demand hasn’t shown signs of peaking—this is the underlying data supporting the NVDA and broader AI narrative chain, indirectly supporting BTC’s AI-economy narrative.
With earnings this good but the stock not really rising much, it means expectations are already very full.
$BTC
$NVDAB
#美光业绩超预期并上调指引
Revenue was $54.2 billion, up 379% year over year. EPS was $33.42, up 1,000% year over year. Gross margin was 87%.
It marked the sixth consecutive quarter setting a new revenue high, and the eighth consecutive quarter beating expectations.
Then the Q1 guidance: $61.5 billion, about 8% higher than analysts’ expected $57.0 billion.
This is one of the strongest tech-stock earnings reports of the year.
After-hours, the stock price rose 0.4%.
What’s worth saying about this event is more than the earnings figures themselves:
Micron is up more than 500% this year. The $54.2 billion quarterly revenue, $33.42 EPS, and 87% gross margin—these numbers were already priced in in advance. Analysts’ expectations going into the report were already high. Micron only “beat expectations,” without “far exceeding even the most optimistic scenario,” so the upside was limited.
But CEO Sanjay Mehrotra said something:
“AI is becoming superintelligent, and memory is at the core of that intelligence.”
He also said Micron is working with Nvidia to develop the industry’s “first customized HBM implementation.”
Data center revenue grew 11x year over year—this is what the global AI infrastructure buildout looks like when the bill shows up in a memory company.
For BTC: Micron’s earnings report again confirms that AI compute demand hasn’t shown signs of peaking—this is the underlying data supporting the NVDA and broader AI narrative chain, indirectly supporting BTC’s AI-economy narrative.
With earnings this good but the stock not really rising much, it means expectations are already very full.
$BTC
$NVDAB
#美光业绩超预期并上调指引
