Micron Technology Surges on AI-Driven Earnings Beat and Strong Growth Outlook

Micron Technology (MU) has delivered an outstanding quarterly performance, surpassing analyst predictions and issuing an optimistic forecast that propelled its stock higher in after-hours trading.

The leading memory chip manufacturer, closely allied with Nvidia (NVDA), reported fiscal second-quarter revenue soaring 38% year-over-year to $8.05 billion, outperforming Visible Alpha's consensus estimates. Adjusted net income climbed significantly to $1.78 billion, or $1.56 per share, up from $476 million, or $0.42 per share, a year prior, also exceeding market expectations.

CEO Sanjay Mehrotra highlighted that the remarkable growth was largely driven by a threefold increase in data center sales, reflecting surging demand for artificial intelligence technologies.

Looking ahead, Micron projects revenue between $8.6 billion and $9 billion for the current quarter, with adjusted earnings per share ranging from $1.47 to $1.67. These figures surpass analysts’ forecasts of $8.53 billion in revenue and $1.51 in EPS.

Following the earnings release, Micron’s shares jumped more than 5% in extended trading and have already gained 22% so far in 2025, signaling strong investor optimism fueled by AI sector momentum.

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