Micron Reported $14.1 Billion of NAND Sales. SanDisk Jumped…
By Tobi Opeyemi Amure
AI summary of the source article
Micron reported record fiscal Q4 NAND revenue of $14.1 billion, marking a 526% year-over-year jump and a 42% sequential increase, down from a 99% sequential rise in Q3. NAND prices rose approximately 30% alongside a 10% increase in bit shipments. Total revenue reached $54.23 billion with an 86.8% GAAP gross margin, while fiscal Q1 revenue was guided to $61.5 billion plus or minus $1.5 billion. Because SanDisk's products are built on NAND flash, Micron's results serve as a direct read-across. Micron management expects higher gross margins but at a more moderate rate of price increases moving forward.
Why it matters
Micron's quarterly print provides the semiconductor industry's earliest detailed view on NAND pricing, directly influencing margin expectations and stock movement for competitors like SanDisk.
Key facts
- Micron reported record fiscal Q4 NAND revenue of $14.1 billion, up 42% sequentially and 526% year over year.
- Micron's overall group revenue reached $54.23 billion with an 86.8% GAAP gross margin, and data-center SSD sales neared $10 billion.
- SanDisk, which reports earnings on 29 October, holds eight long-term contracts valued at $93.9 billion that include price floors and ceilings.