Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold

Micron delivered fiscal fourth-quarter results that exceeded analyst expectations, driven by extraordinary demand for memory chips used in artificial intelligence systems. The company reported revenue of approximately $11.32 billion from the prior year, reflecting a dramatic expansion in business scale. For the fiscal first quarter, management issued guidance of about $61.5 billion in revenue and adjusted earnings per share of $38.15, surpassing LSEG consensus estimates of $57 billion in revenu