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Stockreport

Micron forecasts surging revenue as computer memory demand for AI remains high [CNBC]

Micron Technology, Inc. (MU)  More Company Research Source: CNBC
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Micron Technology reported fiscal first-quarter results on Wednesday that beat Wall Street expectations for sales and earnings per share, and provided a strong forecast for the current quarter. Micron shares rose 5% in extended trading. Here's how the memory maker did versus LSEG consensus estimates: In the second quarter, Micron said it expected about $18.70 billion of revenue in the current quarter, versus $14.20 billion expected by LSEG. It said adjusted earnings per share would be about $8.42, blowing away expectations of $4.78 per share. “This growth in AI data center capacity is driving a significant increase in demand for high-performance and high-capacity memory and storage. Server unit demand has strengthened significantly,” Micron CEO Sanjay Mehrotra said on an earnings call with analysts, adding that the company sees that server units grew in the “high teens” in 2025. Micron had $5.24 billion of net income during the first quarter, or $4.60 per share, versus $1.8 [Read more]
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Stockreport

Micron forecasts surging revenue as computer memory demand for AI remains high [CNBC]

Micron Technology, Inc.  (MU) 
More Company Research Source: CNBC
Last micron technology, inc. earnings: 3/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.micron.com
Micron Technology reported fiscal first-quarter results on Wednesday that beat Wall Street expectations for sales and earnings per share, and provided a strong forecast for the current quarter. Micron shares rose 5% in extended trading. Here's how the memory maker did versus LSEG consensus estimates: In the second quarter, Micron said it expected about $18.70 billion of revenue in the current quarter, versus $14.20 billion expected by LSEG. It said adjusted earnings per share would be about $8.42, blowing away expectations of $4.78 per share. “This growth in AI data center capacity is driving a significant increase in demand for high-performance and high-capacity memory and storage. Server unit demand has strengthened significantly,” Micron CEO Sanjay Mehrotra said on an earnings call with analysts, adding that the company sees that server units grew in the “high teens” in 2025. Micron had $5.24 billion of net income during the first quarter, or $4.60 per share, versus $1.8 [Read more]
IMPACT SNAPSHOT
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MU
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Price Change %
Volume Shares
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
MAX DOWN
Low:
%
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%
PRICE CHANGE
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%
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%
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TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS