Micron Technology: The Stakes for Wednesday's Earnings Report (Part 1)

For the full fiscal year 2025, which ended August 28, Micron posted revenue of $37.4 billion compared to $25.11 billion the previous year, translating to 49% annual growth. The company’s fourth quarter revenue of $11.32 billion exceeded analyst estimates of $11.11 billion, while adjusted earnings per share of $3.03 surpassed expectations of $2.77 by more than 9%. Critically, gross margins have expanded dramatically, reaching 59% in the fourth quarter, from 49% in Q4 2024, demonstrating improved pricing powe ...