Micron: returns to profitability in Q4

(CercleFinance.com) - The memory and IT storage firm Micron Technology reported non-GAAP EPS of $1.
18 for its Q4 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%. NB: pmt +15.6%.

The chipmaker's revenues jumped 93% to $7.75bn, 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, CEO Sanjay Mehrotra said.

Saying that it is entering FY 2025 with the best competitive position in its history, Micron expects record Q1 revenues, as well as a substantial revenue record with significantly improved profitability for the full year.


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