Categories AlphaGraphs, Earnings, Technology

Micron (MU) Q4 earnings beat Street view; revenue nearly doubles

Micron Technology Inc. (NASDAQ: MU) reported a profit for the fourth quarter of 2024 compared to a loss last year as the chipmaker’s revenues surged 93%. Earnings also beat analysts’ forecasts.

Micron Q4 2024 earnings infographic

The tech firm reported adjusted earnings of $1.18 per share for the fourth quarter, compared to a loss of $1.07 per share in the year-ago period. Earnings topped expectations. On an unadjusted basis, net income was $887 million or $0.79 per share in Q4, compared to a loss of $1.43 billion or $1.31 per share in the corresponding period of 2023.

Fourth-quarter revenues increased sharply to $7.75 billion from $4.01 billion in the prior year quarter and came in above analysts’ consensus estimates.

Prior Performance

  • Micron Q3 2024 earnings infographic

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