Micron Q4 Revenue Nearly Quadruples on AI Memory Demand

Micron reported fiscal fourth-quarter revenue of $54.23 billion, up 379% year over year, and adjusted earnings per share of $33.42, beating estimates. Net income jumped to $37.7 billion from $3.2 billion. The memory chipmaker guided first-quarter revenue to about $61.5 billion, far above Wall Street's $57 billion, as AI-driven high-bandwidth memory demand creates a global supply crunch.