Micron Technology Beats Q4 Earnings Expectations, Stock Up 12% on Strong Q1 2025 Outlook

Sep 25, 2024, 08:07 PM

Micron Technology reported strong Q4 2024 earnings, beating analyst expectations on both revenue and earnings per share (EPS). The company posted an adjusted EPS of $1.18, surpassing the expected $1.13, and reported revenue of $7.75 billion, exceeding the forecasted $7.64 billion. This represents a 93% year-over-year growth in revenue, driven by robust demand for AI applications. Additionally, Micron provided a positive outlook for Q1 2025, forecasting adjusted EPS of $1.74 and revenue of $8.7 billion. The company’s GAAP EPS was $0.79, with a gross margin of 36.5% and net income of $887 million. The strong performance and optimistic guidance led to a post-market stock increase of 12%.