Murata Manufacturing reports fourth-quarter net income of ¥76.57 billion ($477 million), beating analyst estimates of ¥60 billion, driven by AI data-center demand

Murata's net income in the three months through March was ¥76.57 billion ($477 million); revenue was ¥460.62 billion. Both figures exceeded analyst expectations. The company's shares surged as much as 8.8% after the results.

Murata is the world's leading supplier of multilayer ceramic capacitors (MLCCs)—components that regulate power flow in electrically powered devices. U.S. hyperscalers building AI data centers seek Murata's high-end MLCCs, but the company has stated that its production pace is struggling to keep up with demand.

The company is adjusting production line allocation to make more high-end MLCCs while expanding overall capacity. Material costs have risen due to elevated inflation and the U.S.-Iran conflict, posing a risk; Murata's chief previously said the company is considering raising prices.