Micron's revenue and earnings surged to records on AI memory demand

The chipmaker posted $41.46 billion in quarterly revenue and guided to $50 billion next quarter as AI-driven memory demand accelerates

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Micron $MU Technology posted record fiscal third-quarter revenue of $41.46 billion, more than quadrupling from $9.30 billion in the same period a year earlier and up from $23.86 billion the prior quarter, the company announced Wednesday. Adjusted earnings per share came in at $25.11 for the quarter.

Wall Street had penciled in $1.60 per share in adjusted profit and $8.87........

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