Micron reports $54.23 billion quarterly revenue and higher manufacturing investment

Micron reported fiscal fourth-quarter revenue of $54.23 billion, compared with $41.46 billion in the prior quarter and $11.32 billion a year earlier. The memory and storage supplier announced the results on September 30 for the quarter ended September 3. Fourth-quarter operating cash flow reached $43.97 billion, and net capital expenditures were $10.77 billion. Micron said it is increasing investment in technology, products and manufacturing. It also began sampling 512GB DDR5 server memory modules capable of 9,200 MT/s; those modules are at the sampling stage rather than shipping commercially.