Micron Q4 Earnings: Revenue, EPS Beat On 'Robust AI Demand,' Company Sees 'Significantly Improved' Profitability Ahead, Shares Surge
Portfolio Pulse from Adam Eckert
Micron Technology Inc (NASDAQ:MU) reported strong Q4 earnings, driven by robust AI demand, with revenue and EPS beating estimates. The company forecasts record revenue and improved profitability for fiscal 2025. Shares surged 11.74% after hours.
September 25, 2024 | 8:22 pm
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Micron Technology reported Q4 revenue of $7.75 billion and EPS of $1.18, both beating estimates. Driven by AI demand, the company forecasts record revenue and improved profitability for fiscal 2025. Shares rose 11.74% after hours.
Micron's strong Q4 performance, driven by AI demand, led to revenue and EPS exceeding expectations. The positive outlook for fiscal 2025, with record revenue and improved profitability, has resulted in a significant after-hours share price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100