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Micron predicts higher quarterly revenues
Micron Technology expects to achieve quarterly revenues that surpass expectations during the first quarter of its 2027 fiscal year, with estimated revenues of around $61.5 billion, exceeding the analysts' average forecast of $57.02 billion. This is driven by ongoing demand for artificial intelligence technologies, especially high-bandwidth memory chips that are a key component of modern data centers, reinforcing the company's position as the largest American manufacturer of these chips. In the fourth quarter of its 2026 fiscal year, the company recorded a record revenue of $54.23 billion, with a 379% increase in revenue and a net income of $37.7 billion, with expectations of further growth in the first quarter.
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