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Micron Stock Pops as AI Demand Drives Better-Than-Expected Earnings, Outlook
Micron Technology ( MU ) reported quarterly results that topped analysts’ estimates and issued a better-than-expected outlook, sending shares higher in extended trading Thursday.
The memory chip maker and Nvidia ( NVDA ) partner saw its fiscal second-quarter revenue jump 38% year-over-year to $8.05 billion, above the analyst consensus from Visible Alpha. Adjusted earnings of $1.78 billion, or $1.56 per share, rose from $476 million, or 42 cents per share, a year earlier, also beating projections.
The gains came as data center sales tripled year-over-year, CEO Sanjay Mehrotra said, driven by strong demand for artificial intelligence .
In the current quarter, Micron expects revenue of $8.6 billion to $9 billion and adjusted earnings per share of $1.47 to $1.67. By comparison, analysts called for revenue of $8.53 billion and adjusted EPS of $1.51 per share.
Micron shares surged over 5% in extended trading Thursday following the release. They've gained 22% in 2025 through the closing bell.
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