The annual profit of the American chip maker Micron increased tenfold
On September 30, the American semiconductor manufacturer, Micron, presented financial statements for the fourth quarter and the entire fiscal year. The company's revenue in the fourth quarter increased 4.8 times, to $ 54.2 billion, net profit - almost 12 times, amounting to $ 37.7 billion.
On September 30, the American semiconductor manufacturer, Micron, presented financial statements for the fourth quarter and the entire fiscal year. The company's revenue in the fourth quarter increased 4.8 times, to $ 54.2 billion, net profit - almost 12 times, amounting to $ 37.7 billion. Micron’s annual revenue grew 3.5 times to $133.2 billion, and net profit 10 times to $85 billion.
Micron’s performance is linked to an ongoing boom in artificial intelligence (AI), which is driving demand for chips, servers and other hardware. Micron is one of the major manufacturers of high-bandwidth memory (HBM) chips required for AI systems. The company’s CEO, Sanjay Merorta, said that high demand for memory chips will continue in 2027 and 2028. He noted that Micron is expanding production of such chips, so new lines will be launched in several plants in the coming years. Mr. Merorta also revealed that the company has signed 26 long-term memory chip contracts totaling $32 billion.
After the publication of the report, Micron shares in over-the-counter trading fell by 0.24%. Since the beginning of the year, the company's shares have risen by 273%.
Jana Christmas
