Micron 4Q Profit, Revenue Surge Amid Lasting Memory Crunch
Micron Technology reported a surge in fiscal fourth-quarter profit and revenue, attributing the growth to a sustained shortage of memory chips. The company indicated that this shortage, which has driven its recent expansion, shows no signs of abating.
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10:26:08 PM UTC
SquawkNews
Micron Technology Inc. (MU) reported record fourth-quarter and full-year financial results Wednesday that beat analyst expectations, driven by booming demand for memory chips as artificial intelligence data centers deploy at an increasing pace.For its fiscal fourth quarter ended Sept. 3, 2026, Micr…
Micron Technology said fiscal fourth-quarter profit and revenue surged, with the company adding that the memory-chip shortage driving its rapid growth over the past year shows no sign of easing. "Industry demand has strengthened since our last earnings call, and we…"