Micron Technology Q4 Earnings Highlighted by Robust AI Demand

Wednesday, 25 September 2024, 13:22

AI demand has driven Micron's Q4 earnings to new heights. The company reported revenue of $7.75 billion, exceeding expectations, and adjusted earnings of $1.18 per share. This surge in profitability indicates a significantly improved outlook for the future.

Benzinga — Micron Technology Q4 Earnings Highlighted by Robust AI Demand

AI Demand Drives Micron's Q4 Earnings Surge

Micron Technology (NASDAQ:MU) has reported its fourth-quarter earnings, showcasing remarkable performance fueled by robust AI demand. The company's revenue reached $7.75 billion, surpassing the consensus estimate of $7.635 billion. Additionally, Micron delivered adjusted earnings of $1.18 per share, signaling an optimistic trend in their profitability.

Company Guidance Establishes Optimism

Micron's guidance suggests significantly improved profitability ahead, reflecting confidence in continuous growth driven by advancements in AI technologies and their applications.

Key Takeaways

Revenue of $7.75 billion beats expectations
Adjusted earnings per share at $1.18
Strong AI demand propelling performance

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