MANHASSET, N.Y. Memory supplier Micron Technology Inc. posted net earnings of $43 million, or 7 cents per share, on sales of $1.26 billion in the fourth fiscal 2005 quarter ended Sept. 1, compared to a net loss of $128 million, or 20 cents per share on sales of $1.05 billion the previous quarter.
Micron (Boise, Id.) attributed the improved results to improved DRAM and NAND flash memory sales as well as higher sales of CMOS image sensors.
"Micron's efforts to strengthen our product lines through expansion of our specialty DRAM products, CMOS image sensors and NAND flash memory products continue to have a positive impact on our gross margin," said Steve Appleton, Micron chairman, president, and chief executive, in a statement. "We continue to dedicate additional resources to expanding our presence in the mobile, consumer and server markets while remaining a leading DRAM supplier for computing applications."
For fiscal 2005, Micro (Boise, Idaho) earned $188 million, or 29 cents per share, on sales of $4.88 billion, up from $157.2 million, or 24 cents per share on sales of $4.4 billion in fiscal 2004.
Megabit production in the fourth quarter increased 15 percent sequentially. During the fourth quarter, Micron continued to ramp up 300-mm wafer production, reaching its initial target of 5,000 wafer outs per week.
For fiscal 2005, megabit production rose 50 percent over the previous fiscal year, which Micron attributed to manufacturing efficiency improvements and the ramp-up of 300-mm wafer production.