Micron tops Q4 estimates, forecasts $38.15 EPS on about $61.5 billion revenue for Q1
AI Market Summary
Micron posted a decisive beat on earnings and revenue and guided materially above consensus, reinforcing a structurally tight memory supply-demand outlook tied to AI-driven demand. Multiple banks reiterated Buy/Overweight views, highlighting expanding long-term customer agreements and improved visibility into sales and margin progression, despite some near-term gross margin caution and elevated expectations. Immediate price reaction was muted, but fundamentals were broadly validated.
Impact level
● Medium
Affected assets
NCSKMUU2USD/USDT-4.63%
AI Insight · NCSKMUU2USD/USDTAI Insight
▲ Bullish
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Micron Technology reported fourth-quarter adjusted earnings of $33.42 per share and revenue of $54.23 billion, both above market expectations. The company forecast first-quarter adjusted earnings of $38.15 per share on about $61.5 billion in revenue, also well ahead of analysts’ projections. Wall Street remained bullish, with a $1,550 price target implying nearly 46% upside from Wednesday’s close.
