Micron Reports 86.8% Gross Margin on AI Demand
Micron Technology reported fiscal fourth-quarter non-GAAP EPS of $33.42 on revenue of $54.23 billion, beating estimates. The memory chipmaker's gross margin reached 86.8%.
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12:21:09 PM UTC
SquawkNews
Micron Technology (MU) delivered a sharp increase in fiscal fourth-quarter results on Wednesday, with revenue and adjusted earnings exceeding Wall Street expectations as demand for memory used in artificial intelligence systems continued to lift results.Revenue reached $54.23 billion, up from $11.3…
33 billion. 32 billion a year earlier.