Micron Beats Earnings and Ups Guidance, Positioning for AI Opportunity

about 1 month ago

Multiple Speakers

"Micron earnings are crossing the wire right now. The maker of that high-end memory and storage chips for its fiscal fourth quarter reported EPS of $3.03 versus the $2.84 consensus, revenue of $11.32 billion versus $11.15 billion, and gross margins expanding to about 45.7%. In the press release, CEO Sanjay Mehrotra said the company is uniquely positioned to capitalize on the AI opportunity ahead."

Micron reported a strong Q4 performance with beats on EPS, revenue, and margin. The guidance for fiscal Q1, including higher revenue and adjusted EPS ranges as well as expanded gross margins, reinforces their positioning, particularly in the AI segment. This news provides bullish investor color on the stock.

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