Micron returns to profitability in Q4

(CercleFinance.com) - Micron Technology reported non-GAAP EPS of $1.
18 for its fourth fiscal quarter on Wednesday evening, compared with a loss of $1.07 per share a year earlier, with non-GAAP operating margin up from -30.1% to +22.5%.

The chipmaker's revenues jumped 93% to $7.75 billion, with 'strong AI demand driving a surge in its data center DRAM and high-bandwidth memory products'.

'Our record NAND sales were driven by data center SSD sales, which exceeded $1 billion in quarterly revenues for the first time', also emphasized CEO Sanjay Mehrotra.

Claiming to 'enter fiscal 2025 with the best competitive position in our history', Micron expects 'record first-quarter revenues, as well as a substantial revenue record with significantly improved profitability for the full year'.

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