Micron sees the memory shortage tightening into 2028 after a record quarter
Micron made $37.7bn in net income in three months and has already sold most of next year’s output. The memory shortage is pushing up prices at Raspberry Pi and Samsung.
Via TNW | Semiconductors
Micron says the global memory shortage will get tighter over the next two years. The US chipmaker reported record results on Wednesday. Revenue for the quarter to 3 September rose nearly fivefold from a year earlier, to $54.23bn, the company said.
Net income reached $37.7bn, up from $3.2bn a year earlier. Gross margin hit 86.8%, against 44.7%. For the full fiscal year, revenue climbed to $133.19bn from $37.38bn. Analysts polled by LSEG had expected $51.07bn for the quarter, CNBC reported.
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