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Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold

By Ilene
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Micron CEO Sanjay Mehrotra, CNBC, https://www.cnbc.com/2026/09/30/micron-mu-q4-earnings-report-2026.html?utm

Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold

By Katie Tarasov and Kif Leswing, CNBC 

Micron reported better-than-expected quarterly results on Wednesday as the memory maker continues to benefit from soaring demand for AI infrastructure. The stock rose slightly in extended trading.

Here’s how the company did relative to LSEG consensus:

  • Earnings per share: $33.42 adjusted vs. $31.61 expected
  • Revenue: $54.23 billion vs. $51.07 billion expected

Revenue almost quadrupled in the fiscal fourth quarter from $11.32 billion a year earlier, according to a statement.

More here >

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