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Micron Technology's fiscal fourth-quarter revenue surges 379%, expanding profitability

The Motley Fool +1 · ·by G4L

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CRDO Credo Technology Group Holding Ltd
$132.89 +10.27%
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  1. 1Micron's fiscal fourth-quarter revenue for the period ended September 3 increased 379% compared to the same period last year.
  2. 2Micron recorded a fiscal fourth-quarter net income of $37.7 billion for the period ended September 3.
  3. 3CEO Sanjay Mehrotra said a significant portion of Micron's high-bandwidth memory (HBM) production for the 2027 calendar year is already sold out.

So what's the key point?

Micron Technology's revenue grew significantly by 379% compared to last year. This means profitability improved because many memory products used for artificial intelligence have already been sold.

Source The Motley Fool +1 · View original ↗

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