Micron Technology is trading 3.08% up at $1,097.92, after record fiscal fourth-quarter revenue and adjusted earnings both exceeded analyst expectations.
- Revenue was $54.23 billion; adjusted earnings were $33.42 per share.
- Fiscal first-quarter 2027 revenue guidance was $61.5 billion at the midpoint, above consensus.
- The gross-margin outlook was below the prior quarter and consensus, which may have tempered the initial reaction.