Micron Stock Seesaws On Q4 Earnings Beat, Strong Guidance As Company Focuses On AI Opportunity

Benzinga

Micron beat Q4 estimates with $11.32B revenue and $3.03 EPS, driven by record data center demand. The company guided Q1 revenue and earnings above Wall Street forecasts, highlighting AI momentum.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Micron reported fiscal fourth quarter revenue of $11.32 billion,

00:06topping estimates of $11.22 billion,

00:08with adjusted earnings of $3.03 per share

00:11versus the $2.86 expected, according to Benzinga Pro.

00:15Revenue grew 46% year-over-year,

00:17while operating cash flow reached $5.73 billion,

00:20up from $3.41 billion a year ago.

00:22CEO Sanjay Manrota cited Micron achieve record results

00:26in its data center business

00:27and is well-positioned to capture AI-driven demand.

00:30Micron expects first quarter revenue of $12.5 billion,

00:33plus or minus $300 million,

00:35ahead of Wall Street estimates of $11.93 billion.

00:38The company also projects adjusted earnings

00:40of $3.75 per share, plus or minus $15,

00:44versus forecasts of $3.04.

00:46Shares were flat after hours at $166.39.

00:50For all things money, visit Benzinga.com.

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