(Micron) Micron Technology Inc. posted revenue of $8.27 billion in Q4 2021, an uptick from $6.06 billion in the comparable quarter of 2020. The revenue was an increase from $7.42 billion in the third quarter.
FY21 revenue was $27.71 billion, up from $21.44 billion in FY20.
Fourth-quarter GAAP net income was $2.72 billion, or $2.39 per diluted share, up from $988 million or $0.87 per share in the fourth quarter of 2020.
FY21 GAAP net income was $5.86 billion or $5.14 per share, up from $2.687 billion, or $2.37 per share in FY20.
Micron now projects a GAAP revenue of $7.65 billion ± $200 million in Q1 2022. Diluted EPS is expected at $2.00 ± $0.10.
MU: NASDAQ is down -3.28% on premarket.
