$MU crushed Q4 — revenue hit $54.23B against $51.49B expected, gross margin stretched to 87% (vs 86.2% est), and adjusted EPS landed at $33.42 when the street was looking for $31.83.
Q1 guidance? Even better. They're calling for $60-63B in revenue when consensus was sitting at $57B. Gross margin guide of 86.3% is slightly below the 86.7% estimate, but given the beat and raise, the market's probably not sweating that.
Memory demand looks strong. AI server buildouts continue to drive pricing power. This is the kind of print that reminds you why semis have been the backbone of this rally.
Q1 guidance? Even better. They're calling for $60-63B in revenue when consensus was sitting at $57B. Gross margin guide of 86.3% is slightly below the 86.7% estimate, but given the beat and raise, the market's probably not sweating that.
Memory demand looks strong. AI server buildouts continue to drive pricing power. This is the kind of print that reminds you why semis have been the backbone of this rally.