#MicronBeatsEarningsLiftsGuidance
Micron Beats Earnings, Lifts Guidance
Micron Technology reported record fiscal fourth-quarter results, beating analyst expectations as strong AI-related demand continued to drive the memory-chip market. Revenue reached $54.23 billion, while adjusted earnings came in at $33.42 per share, above expectations. �
Micron Investors +1
The company also raised its outlook for fiscal Q1 2027. Micron now expects revenue of approximately $61.5 billion, with a range of ±$1.5 billion, and non-GAAP EPS of about $38.15, ±$1.00. Both figures are above consensus estimates. �
GlobeNewswire +1
The stronger outlook reflects continued demand for high-bandwidth memory (HBM) and other memory products used in AI data centers. Micron said its long-term supply agreements have increased to $32 billion, while it expects memory supply-demand conditions to become tighter during fiscal 2027 and 2028. �
Reuters +1
The results highlight how the rapid expansion of AI infrastructure is increasing demand for advanced memory and supporting Micron's revenue and profitability growth.$NVDA.US $
Micron Beats Earnings, Lifts Guidance
Micron Technology reported record fiscal fourth-quarter results, beating analyst expectations as strong AI-related demand continued to drive the memory-chip market. Revenue reached $54.23 billion, while adjusted earnings came in at $33.42 per share, above expectations. �
Micron Investors +1
The company also raised its outlook for fiscal Q1 2027. Micron now expects revenue of approximately $61.5 billion, with a range of ±$1.5 billion, and non-GAAP EPS of about $38.15, ±$1.00. Both figures are above consensus estimates. �
GlobeNewswire +1
The stronger outlook reflects continued demand for high-bandwidth memory (HBM) and other memory products used in AI data centers. Micron said its long-term supply agreements have increased to $32 billion, while it expects memory supply-demand conditions to become tighter during fiscal 2027 and 2028. �
Reuters +1
The results highlight how the rapid expansion of AI infrastructure is increasing demand for advanced memory and supporting Micron's revenue and profitability growth.$NVDA.US $