Micron Technology earned net income of $188 million, or 29 cents per diluted share, on net sales of $4.88 billion for its fiscal year ended September 1, the company reported.

Q4 sales were up 19 percent sequentially and 5.8 percent year-over-year, while fiscal year sales were up 10.8 percent.

The growth in net sales in Q4 compared to Q3 primarily resulted from an approximate 15 percent increase in DRAM sales, a 40 percent increase in sales of CMOS image sensors and NAND Flash memory sales that were five times higher compared to the prior quarter, the company noted.

Gross margin in Q4 was $282.2 million, compared to 86.6 million in Q3, and $392.6 million in Q4 2004.  For the fiscal year, gross margin was $1.15 billion, compared to $1.31 billion for fiscal 2004.

¡§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, chairman, president and CEO of Micron, in a statement.

For fiscal year, the company¡¦s megabit sales increased approximately 40 percent compared to the previous fiscal year, while overall average selling price decreased approximately 25 percent compared to fiscal 2004, while the average selling price for DDR2 DRAM products decreased approximately 40 percent.

By: DocMemory
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