An individual walks by an indication for Micron Technology headquarters in San Jose, California, on June 25, 2025.
Justin Sullivan | Getty Images
Micron reported better-than-expected earnings and income on Tuesday in addition to a strong forecast for the present quarter.
The inventory rose in prolonged buying and selling.
Here’s how the corporate did compared with the LSEG consensus:
- Earnings per share: $3.03 adjusted vs. $2.86 anticipated
- Revenue: $11.32 billion vs. $11.22 billion anticipated
Micron mentioned income within the present interval, its fiscal first quarter, shall be about $12.5 billion, versus the $11.94 billion common analyst estimate per LSEG.
The firm mentioned it had $3.2 billion, or $2.83 per share in web earnings, versus $887 million, or 79 cents per share, within the year-ago interval.
Micron shares have almost doubled thus far in 2025. The firm makes reminiscence and storage, that are essential elements for computer systems. Micron has been one of many winners of the synthetic intelligence growth. That’s as a result of high-end AI chips similar to these made by Nvidia require rising quantities of high-tech reminiscence known as high-bandwidth reminiscence, which Micron makes.
“As the only U.S.-based memory manufacturer, Micron is uniquely positioned to capitalize on the AI opportunity ahead,” Micron CEO Sanjay Mehrotra mentioned in a press release.
Overall firm income rose 46% on a year-over-year foundation throughout the quarter.
Micron’s largest unit, which sells reminiscence for cloud suppliers, reported $4.54 billion in gross sales throughout the quarter, greater than tripling on a year-over-year foundation.
However, the corporate’s core information heart enterprise unit noticed gross sales decline 22% on an annual foundation to $1.57 billion in income.
