King's Finance News | Micron's impressive financial report drives the semiconductor stocks up, with Shanghai Fudan (01385) rising by 9.92%, SMIC (00981) rising by 7.76%, hg semi (06908) rising by 5.19%, hua hong semi (01347) rising by 5.15%.

Micron Technology (MU) reported FY24Q4 revenue of 7.75 billion US dollars, a 93% year-on-year increase, exceeding the market expectation of 7.66 billion US dollars. Non-GAAP gross margin was 36.5%, above the market expectation of 34.7%. Non-GAAP net income was 1.34 billion US dollars, exceeding the market expectation of 1.25 billion US dollars. Non-GAAP EPS was 1.18 US dollars per share, above the market expectation of 1.12 US dollars per share.