:max_bytes(150000):strip_icc()/GettyImages-2156438727-374b445aef524052b898c856515a7d10.jpg?w=1920&resize=1920,1267&ssl=1 "Micron Stock Pops as AI Demand Drives Better-Than-Expected Earnings, Outlook | Global News Avenue")
Micron Stock Pops as AI Demand Drives Better-Than-Expected Earnings, Outlook
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2156438727-374b445aef524052b898c856515a7d10.jpg)
Micron technology (mu) reported quarterly results that were the highest estimates by analysts and released outlooks that exceeded expectations, with stocks higher in Thursday’s expanded trading.
Memory chip manufacturers and Nvidia (NVDA) Partners pushed its second-quarter revenue to $8.05 billion year-on-year, more than the visible Alpha analyst consensus. Adjusted revenue of $1.78 billion, or $1.56 per share, also beat the forecast.
CEO Sanjay Mehrotra said data center sales tripled as data center sales grew year-on-year. AI.
Micron expects revenue of $8.6 billion to $9 billion in the quarter, with adjusted earnings per share of $1.47 to $1.67. By comparison, analysts demanded $8.53 billion in revenue, with adjusted earnings per share of $1.51.
After the issuance, Micron’s stock price soared more than 5% in an extended trading Thursday. They got 22% by closing the bell in 2025.
:max_bytes(150000):strip_icc()/GettyImages-2156438727-374b445aef524052b898c856515a7d10.jpg?w=1200&resize=1200,0&ssl=1&description=Micron+Stock+Pops+as+AI+Demand+Drives+Better-Than-Expected+Earnings%2C+Outlook+%7C+Global+News+Avenue){kind=link}