Micron Posts Record $133.2B Annual Revenue as Profit Surges

$MU posted record annual revenue of $133.2B as yearly profit surged to $85B amid extraordinary demand for memory chips.
Quarterly revenue reached $54.2B, nearly 5x the year-ago level and above Wall Street's $51.5B estimate. Quarterly profit came in at $37.7B, while adjusted EPS jumped to $33.42 from $3.03 a year earlier.
Micron now expects revenue of as much as $63B next quarter and says memory supply is likely to become much tighter in 2027 and 2028.