Microchip manufacturer Micron reported better-than-expected results for its fiscal second quarter. Revenue increased by 38% to $8.05 billion, beating analyst estimates. Data center revenue also tripled from the same period last year.
The company’s earnings per share were $1.56, exceeding expectations of $1.42. In terms of net income, Micron reported $1.58 billion, up from $793 million in the previous quarter. Analysts had estimated an adjusted earnings per share of $1.47.
Micron now expects revenue for its third quarter to be around $8.8 billion, topping analyst estimates of $8.5 billion. The company’s shares surged 6% after the announcement and were up 22% for the year prior.
Source: https://www.cnbc.com/2025/03/20/micron-mu-q2-earnings-2025.html