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Micron Technology reports record Q4 revenue on AI memory demand
Micron Technology has reported record-breaking fiscal fourth-quarter results, driven by surging demand for memory chips essential to artificial intelligence infrastructure. The company's fourth-quarter revenue more than quadrupled year-over-year to $54.23 billion, significantly exceeding Wall Street estimates. Adjusted earnings per share for the quarter reached $33.42, surpassing analyst expectations.
Key business segments showed massive growth, with the Core Data Center unit generating $18 billion in revenue. The company's success is largely attributed to the demand for high-bandwidth memory (HBM) used in AI processors from companies like Nvidia. Micron reported that long-term supply agreement commitments have risen to $32 billion, up from $22 billion in June, with many agreements backed by cash deposits.
Looking ahead, Micron provided optimistic guidance for the first fiscal quarter of 2027, projecting revenue between $60 billion and $63 billion and adjusted earnings per share between $37.15 and $39.15. CEO Sanjay Mehrotra indicated that the company expects fiscal year 2027 to be another record-breaking year as supply and demand conditions for memory and storage remain tight. To meet this demand, Micron is aggressively expanding, including plans to increase US investments to over $250 billion through 2035.
Entities
AMD · Apple · Boise, Idaho · Intel · Mark Murphy · Micron · Micron Technology · Nvidia · SK Hynix · Samsung Electronics · Sanjay Mehrotra · iShares Semiconductor ETF
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] Data center business revenues reached $18 billion. bitfinanzas.com · nemosnewsnetwork.com · cryptobriefing.com · www.joseilbo.com · www.marketbeat.com
- [● 15 SOURCES] Micron expects first-quarter revenue to be approximately $61.5 billion. srnnews.com · bitfinanzas.com · www.newmoney.gr · cashcow.nl · china.timesofnews.com · +9 more
- [● 19 SOURCES] Adjusted profit for the fourth quarter was $33.42 per share. srnnews.com · bitfinanzas.com · www.newmoney.gr · cashcow.nl · nemosnewsnetwork.com · +11 more
- [● 4 SOURCES] Micron has increased planned US investments to over $250 billion through 2035. srnnews.com · www.aripaev.ee · bitfinanzas.com · china.timesofnews.com
- [● 10 SOURCES] Micron expects adjusted profit for the first quarter to be between $37.15 and $39.15 per share. srnnews.com · bitfinanzas.com · www.finanzen.net · cashcow.nl · www.suedtirolnews.it · +3 more
- [● 21 SOURCES] Micron reported fourth-quarter revenue of $54.23 billion. www.sbctv.gr · srnnews.com · bitfinanzas.com · www.newmoney.gr · cashcow.nl · +14 more
- [● 5 SOURCES] Micron expects fiscal year 2027 to be a record-breaking year. www.brasilemfolhas.com.br · cashcow.nl · www.itmedia.co.jp · www.spacemoney.com.br · www.marketbeat.com
- [● 3 SOURCES] Long-term supply agreement commitments increased to $32 billion. www.brasilemfolhas.com.br · www.spacemoney.com.br