Micron reports Q4 earnings per share (EPS) of $1.18, consensus of $1.13

Micron Technology reported fourth quarter revenue of $7.75 billion, consensus of $7.63 billion. “Micron delivered 93% year-over-year revenue growth in the fiscal fourth quarter as strong AI demand drove strong growth in our data center DRAM products and our industry-leading high-bandwidth memory. Our record NAND revenue was led by data center SSD sales, which surpassed $1 billion in quarterly revenue for the first time,” said Micron Technology President and CEO Sanjay Mehrotra. “We are entering fiscal 2025 with the best competitive positioning in Micron’s history. We anticipate record revenue in the fiscal first quarter and substantial revenue record with significantly improved profitability in fiscal 2025.”