Micron Technology: AI Revenue Increases by 379% Year-on-Year
2026-10-01 04:54:46
CoinMeta Data: Micron Technology ( Micron Technology ) reported revenue of $54.23 billion in its fourth fiscal quarter, a year-on-year increase of 379%. The company expects revenue for the current quarter to reach $61.5 billion, far exceeding Wall Street's expectations. Micron's adjusted earnings per share were $33.42, with net revenue of $37.7 billion, a significant increase from $3.2 billion in the same period last year. Demand for data center chips drove growth across all four business segments. Micron's core data center revenue grew from $1.58 billion to $18 billion, and cloud memory revenue amounted to $16.28 billion.
Source:BeInCrypto
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