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AI & Enterprise

S&P 500 third-quarter profits seen up nearly 31% on AI despite slower U.S. chip growth

U.S. semiconductor companies are expected to post slower third-quarter profit growth than in the previous quarter, but AI investment demand is forecast to lift S&P 500 profits nearly 31% from a year earlier. LSEG sees chip-sector profits up about 136% year-on-year. Alphabet, Amazon and Meta Platforms are expected to account for about two-thirds of the index’s profit growth. Investors are increasingly focused on whether rising AI spending translates into sustainable profits and cash flow.

AI & Enterprise

Micron quarterly results nearly quadruple on AI boom, HBM demand outstrips supply

Micron posted quarterly results that beat market expectations, helped by a surge in memory demand from expanding AI infrastructure. It also issued a next-quarter forecast that exceeded market estimates, supporting expectations that shortages of AI memory could persist. The company reported fiscal fourth-quarter revenue of $54.23 billion and non-GAAP adjusted net profit of $38.4 billion, and guided for fiscal first-quarter revenue of about $61.5 billion.

Industry

Micron posts fourth-quarter revenue of $54.23 billion, up 31 percent from prior quarter

Micron posted record quarterly and annual revenue, citing AI-driven memory demand. The company said fiscal fourth-quarter revenue rose 30.8 percent from the previous quarter to $54.23 billion, nearly five times the year-earlier level, with adjusted EPS of $33.42. Revenue and EPS beat LSEG-compiled estimates. Data center revenue jumped to $18.0 billion. Micron guided fiscal 2027 first-quarter revenue of $61.5 billion and EPS of $38.15.