Micron's Q1: AI Demand Boosts Sales, Shares Soar
Update: 2025-12-17
Description
Micron Technologys fiscal first-quarter results exceeded expectations, with adjusted earnings per share of $4.78 and revenue of $13.64 billion. The companys shares surged by 5% in extended trading, reflecting investor confidence. The surge in AI data center capacity and server unit demand, predicting growth in the high teens for 2025, are key drivers behind the increased demand for high-performance memory and storage. Microns net income reached $5.24 billion, a substantial increase from the same period last year, with overall revenue seeing a 57% year-over-year jump. The companys strategic decision to stop selling memory and other parts directly to consumers further underscores its focus on high-growth areas and its pivotal role in the AI revolution.
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