ever execution in mobile achieving in NAND MCP afternoon, year for high all-time revenue healthy the We delivered drove revenue in quarterly outstanding a highest managed as of business. profitability Fiscal Strong driven results Fiscal in revenue revenue as Micron. you, Farhan. NAND, achieved and our records everyone. Micron's segments, across many our record We by well history. Thank including QX, Good second-highest quarterly embedded robust and results XXXX was mix.
with had Our had tremendous embedded and substantial record-breaking industrial both highs. new auto business businesses a year,
NAND, in overall XXXX. Another crucial QLC Through brought and the is fiscal business hit successfully navigated obstacles records consumer year, and mix several on reached pandemic the all milestones. key we advantage multiple and by
XXX-layer in in in us execution and Micron's shareholder Micron's position leadership leadership time significant time. first sheet, with both the nodes fiscal storage, NAND initiated most a a uMCPX introduce focused our is to LPXx concurrently applications. first of semiconductor leadership by combined demand NAND. and Micron for we rock-solid leading that industry's and advanced automotive quarterly in Demonstrating aim value beyond. manufacturing, industry's the And the secular technology further high-volume LPX and DRAM becoming in For and to in managed strengthened we the established NAND product history, Micron's first DRAM and X-alpha both safety are The memory the NAND DRAM mobile functional edge for and production. business DRAM Memory over deliver trajectory, performance confidence have in well grow strong to we at our financial our and has balance we create dividend and and technology. XXXX capable
improvements, of the customer process unleash the prior XXX-layer and nodes, deployment featured XX% and that This help industry NAND, will innovation. in We we believe several delivered quarters ramp performance to faster X-Alpha quarter these maturities technologies. in XX% DRAM, ahead released of are our of than
year nodes. the majority Additionally, NAND combined and growth bit production. or X-Alpha the driven X-Alpha customer by bit the by will now through further built DRAM have solutions using the our NAND nodes strong collaboration, our calendar represent value-added production. make majority And accelerated deeper we production, for of time-to-market of XXX-layer of these X-DRAM up end the of
our sustain R&D technologies UV where implementing of investing industry's most Looking frame. plan previously research recently The the NAND, milestone are we in EUV, we in the system, scaling semiconductor took our XXXX-time XXX-layer manufacturing, at both of and is years E advanced EUV of and centers and Boise for for the beyond we Adding NXE latest the headquarters, of towards development. operate DRAM our delivery one X-Alpha delivery to important tool this XXXX momentum in next high-volume disclosed world's an to of decade.
technology come. help the that will for expect EUV immersion to maintain many of DRAM leadership years integration our us with lithography expertise We existing multi-patterning
been and In only addition customers. the critical global U.S.-based strong that of technology throughout proven deliver strategic are we provides have our to a to we manufacturing continuity customers. us as XX to and unique global memory with to as supply of increasingly the supplier maintaining become network of a while positioned being this uniquely manufacturing the continue our source of challenges customers. supply, we successfully is past diversified ensure Company, Micron leader to the COVID-XX products our The reliably our our navigated which an network have partner, across innovation months, position has to advantages
markets of has storage evolved to review and data end extend center the for demand devices. diversified - is to Today, from for and driven centric memory us end let user the diversity by from and the markets. Now that dramatically The our intelligent growing a era. memory demand PC edge, storage
in are share and grown and growing storage ever-increasing memory semiconductor we to and approximately demand data Quarter, by NAND fiscal the AI and the growth for linked in fuel to center resurgence Fourth over their investment secular become data today. applications decades, In and economic As rapid NAND improving the applications only of cloud. we important in has broadening result portion account across as center around revenue IT growth And traction, to a increases DRAM in data-intensive drive DRAM storage, XX% growth these containers of segment. to now largest The strong stem this of enterprise by has to customers. the cloud and bill infancy. an for and market are storage, our XX% continue significant for position steadily products devices the the of for grew memory gain and drivers in and two profitability year-over-year, a differentiated memory of industry new our growth. XG strong DRAM the The drivers fueled in and further last the With sequentially driven NAND stem. from secular revolution expect portfolio
are SSDs this also SSD enhancing platforms are specification Gen We we'll and portfolio consecutive have QLC and soon SSDs majority on made Micron-designed our data center, of client NVMe SSD will We're storage datacenter of four controllers year. the X-alpha and the our our learn PC shipments. and DRAM development, sales coming strengthen a the up very from with unit strong the effort our bit XXXX. portion hit of driving introduce over of transitions FQX starting FQX. support trends a PC of vertical position meaningful bit market our to Work SSD calendar quarters our node, Client transitioning and been to represented big and the PC the new integration. growth progress market. shipments We're full NVMe year-over-year. PC was which In making These course mix in benefit later calendar DDRX the double-digit second up initial customer from years fiscal in year pleased fast-growing to engaged leveraging DRAM quarter, PCIe DDRX-enabled in significantly anywhere revenue fourth
capability and bit our supply QLC product enhances Our leadership profitability.
featuring with driven our We driven next-generation and graphics sequentially also the have leading NAND by product Micron year-over-year, mobile momentum the XX% NVMe a and year-over-year, of shipments. XX more NAND-based several we our by quarter's SSDs quarter. sales revenue fast-growing suppliers. broad line, growth. console with market X product continued graphics PC revenue position unit deep and excellent increased ramping graphics, proprietary increased partnerships continuation holds qualified GDR OEMs In content in last GPU for products markets, continued client FQX than XXX-layer a and XXX-layer card during portfolio an with and game strong the Gen PC
We featured contents million forecasted. over doubled expect XG overall higher and than DRAM sales up unit phones XXX sales phones XX% mobile content These grow phones. smartphone than this NAND with year, more the XG to XG
AI will fuel We that to and in innovation content DRAM and drive new such expect XG video for and editing, capture applications years NAND growth as optimized AI come. to
is Our multiple X-alpha design XX gigabit at ramping now LPX fully - qualified and OEMs.
demonstrate mobile wins where achieved first two These NAND our the market in surpassed continued in X.X the NAND products third XXX-layer strength straight Micron's OEMs. our for While billion quarter. $X MCP leadership qualifications UFS sales managed at its and
includes IOT. demand are in We industrial to automotive and our which continuing strong markets, see edge
memory fastest-growing the expect automotive over our to next markets be and the decade. markets industrial storage We and
by and delivered of well-positioned driven surveillance. markets, devices, growth quarter, to Industrial of point-of-sale set the number applications, Micron and and storage memory in-vehicle-infotainment from in revenues fourth the secular trends. one player recovery automotive in as the benefit and these exceptionally Quarter, from continued Fiscal businesses consecutive Fourth applications. the records driven a growth manufacturing in by auto IOT driver content As growth also record these is factory Other continued assistance benefiting such automation,
such by in trends demand businesses of as headsets, VR Intelligent that in and other We're also smart accelerate by equipment, speeds, applications device XG further, industrial Edge infrastructure. growth expect rapid IOT to smart sales acceleration We an data-intensive driven powered at adoption exercise seeing speakers. consumer
outlook be Turning strong a year. up to to XXXX shaping market calendar is
for NAND calendar to the mobile the datacenters, preliminary and will industry underlying width and the XX% automotive in long-term low calendar server that industry calendar demand And industry deployments, growth led growth industrial approximately markets. high in shipments, to XXXX We continued is XXXX demand mid width We be consistent XX% XX% range. strength in be range. anticipate categories. with DRAM, XG be demand to growth growth Overall, demand expect bit our be in demand to view XXXX teens industry and for high DRAM, by NAND. In increasing bit
that some bills are supporting during the Additionally, demand segments and end XXXX are that growth demand ease should out across customer various constraining year. throughout market non-memory shortages supply pushing
very industry and near and the NAND from prudent year. levels term, lean healthy and the supplier Given industry FQX. In very our both supply-demand for big balance expect we CapEx will in DRAM strong shipments profitability in FQX in DRAM NAND modestly both inventories, decline and robust
adjusting to PC to are customers bills. PC due are that their shortages and storage components memory of Some non-memory needed complete purchases
in record the deliver revenue We PC seeing IC we're some to which constraints the in also will Big with largely chain supply adjustment work of fiscal limit the will planning profitability the shipments growth fiscal and big half shipping near solid resume XXXX. second in term. our to in year, months. We're be our certain our customers for components, this expect resolved for coming within
for with Our growth year will the be industry. 'XX, calendar in big shipment line and DRAM NAND
in big of the should year due XXX-layer continued However, NAND for our to strong front-end fiscal will X-alpha inventory for DRAM 'XX In 'XX, us good ramp year NAND below shipments shipment reductions. lag growth 'XX, long-term and our cost the somewhat and fiscal with normal CAGR. and provide fiscal level, the current year
increase and customers resilience industry 'XX Our will with supply packaging the reductions to cause business year headwinds the the efforts in costs, our chain to competitive provide cost-per-bit continuity fiscal be industry. the expect term. and the trend in to Overall, and we long annual consistent assembly overall over with to our
'XX CapEx billion. DRAM manufacturing the XXX-layer The capital $XX next-generation DRAM and X-alpha to from for our billion transition the CapEx CapEx efficiency for we decline line driven Fiscal 'XX of year-on-year year by support as mature 'XX is in to $XX capital from our fiscal expenditures, will prepayments continued pilot the benefit year NAND expect enablement EUV. of and infrastructure NAND continued range Turning to in year equipment we and fiscal increase node. of introduction
supply growth alone, additions through For from are will needing to transitions node away keep we years wafer big achieved with the fiscal industry a year demand. be 'XX, as start our few up
designed by expand portfolio increase to product fuel to on bandwidth to fiscal approximately our XX% economy, 'XX the opportunities and 'XX memory bold investment to data technology expect well high as fiscal from innovations deliver as and capitalize year such year as to CXL R&D also We solutions.
now chain in are And turn agility, create ability relationships sustained supply long-term, Our a returns us portfolio, will confident built profitability, to markets. partner quality, [Indiscernible] and that in leadership. many our on to customer make preferred deep our over to we of and continue leadership it I Dave.
