Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold — SkimNews
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- Micron reported fiscal Q4 adjusted EPS of $33.42 versus $31.61 expected and revenue of $54.23 billion versus $51.07 billion expected, with revenue nearly quadrupling from $11.32 billion a year earlier.
- Micron issued Q1 guidance of approximately $61.5 billion in revenue and $38.15 adjusted EPS, well above LSEG consensus expectations of $35.40 EPS on $57 billion in revenue.
- Micron's stock has surged more than 500% over the past year as a worldwide memory chip supply crunch tied to AI workloads has driven prices higher for consumer electronics including Apple's iPads and MacBooks.
- Micron's DRAM revenue jumped 343% year-over-year to $39.8 billion (73% of total sales), while quarterly net income climbed to $37.7 billion from $3.2 billion a year earlier.
- Micron — the only U.S.-based maker of high-bandwidth memory (HBM) — is investing $250 billion in two new fabrication campuses, with the Clay, New York site breaking ground in January and a Boise, Idaho fab scheduled to come online next year.
- Sanjay Mehrotra attended President Trump's AI regulation summit on Tuesday, days after a White House dinner with Chinese President Xi Jinping during Xi's first U.S. visit in more than a decade.
Why it matters: Micron's 343% YoY DRAM revenue jump and $37.7 billion quarterly net income put hard numbers on an AI memory crunch now spilling into consumer electronics — iPads and MacBooks have already gotten pricier. As the sole U.S. HBM maker, the company funnels its windfall into a $250 billion fab buildout in New York and Idaho.
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