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Micron posts record $54.2 billion quarter, forecasts $61.5 billion for next quarter

Micron beat Wall Street expectations with adjusted earnings of $33.42 per share and revenue of $54.23 billion, nearly quadruple the figure from a year earlier. The chipmaker guided for roughly $61.5 billion in revenue and $38.15 in adjusted earnings per share next quarter, topping analyst estimates. DRAM revenue, its largest segment, rose 343% year-over-year to $39.8 billion.