On June 25th, 2025, we walk by the sign at Micron Technology headquarters in San Jose, California.
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micron On Tuesday, it reported better revenue and revenue than forecasts, and robust forecasts for the quarter.
Stock prices rose in extended trading.
Here’s how the company did it compared to the LSEG consensus:
Earnings per share: $3.03 adjusted vs. $2.86 forecast: $113.2 billion vs. $11.22 billion
Micron said revenue for the current first quarter would be around $12.5 billion against an average analyst estimate of $11.94 billion per LSEG.
The company said it had $887 million, or 79 cents per share, or net income of $3.2 billion, or $2.83 per share, for the same period last year.
Micron’s stock almost doubled in 2025 so far. The company creates memory and storage, which are key components for computers. Micron is one of the winners of the artificial intelligence boom. It’s a high-end AI chip like it was manufactured. nvidia You need to increase the amount of high-tech memory that Micron creates, known as high-bandwidth memory.
“As the only US-based memory manufacturer, Micron is set up on its own to take advantage of AI opportunities,” Micron CEO Sanjay Mehrotra said in a statement.
Company-wide revenues increased 46% year-on-year over the quarter.
Micron’s largest unit selling cloud provider memory reported sales of $4.544 billion during the quarter.
However, the company’s core data center business unit saw revenues decline 22% per year, earning $1.57 billion.
