Micron's AI Boom: Stock Soars, Earnings Skyrocket
Update: 2025-12-17
Description
Micron Technology, a leading memory chip manufacturer, has reported exceptional earnings, with adjusted earnings per share of $4.78 for their first fiscal quarter, surpassing analysts predictions by a significant margin. Their revenue also saw a remarkable increase of nearly 60% year-over-year, reaching a record $13.64 billion. The companys CEO, Sanjay Mehrotra, attributed this success to the booming demand for AI hardware, positioning Micron as a key player in the AI industry and a crucial supplier for leading AI chipmakers like Nvidia and Advanced Micro Devices. Micron projects even stronger results for the second quarter, with anticipated adjusted earnings per share between $8.00 and $22.00 and revenue between $18.3 billion and $19.1 billion. Their GAAP gross margin jumped to 56% in the first quarter and is expected to climb as high as 68% in the current quarter, contributing to their strong market position and stock performance.
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