Micron Expertise (MU) reported file quarterly income as information heart gross sales greater than doubled year-over-year on AI-driven demand.
The reminiscence chip maker reported file income of $9.3 billion, up 37% year-over-year and properly above of the analyst consensus compiled by Seen Alpha. Its adjusted web earnings of $2.18 billion, or $1.91 per share, rose from $702 million, or 62 cents per share, within the year-ago quarter, additionally beating estimates.
The good points got here because the Nvidia (NVDA) companion’s information heart gross sales greater than doubled year-over-year.
“We’re on observe to ship file income with stable profitability and free money circulate in fiscal 2025, whereas we make disciplined investments to construct on our expertise management and manufacturing excellence to fulfill rising AI-driven reminiscence demand,” mentioned CEO Sanjay Mehrotra in a launch.
Within the present quarter, Micron expects income of $10.4 billion to $11 billion and adjusted earnings per share of $2.35 to $2.65. Analysts had known as for income of $9.99 billion and adjusted EPS of $2.04.
Micron shares rose near 4% in prolonged buying and selling following the discharge. The inventory has gained over 50% in 2025 by means of Wednesday’s shut.
