Micron Tops Q4 Estimates, Guides Higher as NAND Revenue Jumps 526%
What happened
Micron reported fiscal fourth-quarter results that beat analyst estimates, according to CNBC. The company issued above-consensus guidance for the current quarter. NAND flash revenue rose 526% year over year in the quarter, per Seeking Alpha's breakdown. CNBC attributed the strength to a continuing global memory shortage. The shares traded at $1,065.08, up 1.05% on the session.
The QL Read
The QL composite sits at 64/100 (Buy) with the stock up 1.05% post-print. In a mixed tape — Nasdaq +0.24% against 40.3% breadth and VIX at 16.34 — the beat lands on an already-positive signal rather than reversing one, and guidance will test whether the score extends.
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