Murata beats profit estimates as AI data-center demand strains production

The company is the world's leading supplier of multilayer ceramic capacitors, essential components for every device that uses electricity because they regulate power flow. Murata Manufacturing has reported fourth-quarter earnings that beat analyst estimates, fueled by robust demand from artificial-intelligence data-center builders. Net income in the three months through March was ¥76.57 billion ($477 million), the Kyoto-based company said Thursday. Analysts had estimated ¥60 billion on average. Revenue was ¥460.62 billion, also better than expected.