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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.