Micron Technology (NASDAQ:MU) shares advanced in premarket U.S. trading on Wednesday following quarterly results that exceeded Wall Street expectations, accompanied by a positive outlook for the coming months.
CEO Sanjay Mehrotra noted in a post-earnings call that the company’s performance was propelled by stronger-than-expected demand for its DRAM and NAND products.
Headquartered in Boise, Idaho, Micron projected that its current-quarter midpoint adjusted earnings per share will reach $3.75, based on revenue of $12.5 billion, plus or minus $300 million. Analysts had anticipated $3.10 in adjusted EPS and $11.91 billion in revenue.
Mehrotra emphasized that supply remains “tight,” while demand for DRAM—dynamic random access memory—should remain “healthy” through next year.
Analysts at Mizuho highlighted that most of Micron’s high-bandwidth memory chip inventory is already committed for 2026, with remaining 2025 capacity expected to sell out in the “coming months.” They added that Micron is “well positioned” to benefit from the ongoing AI boom, supported by its exposure to data centers that power the technology.
To strengthen production, Micron plans to invest $200 billion in the U.S. semiconductor industry, with $4.5 billion earmarked for the current quarter. In the quarter ending in August, cloud memory sales tripled to $4.5 billion, helping total revenue surge 46% to $11.32 billion, surpassing forecasts.
Vital Knowledge analysts described Micron’s report and guidance as “strong,” while noting the company faces “a very high bar” following impressive results from peers such as Broadcom and Oracle, as well as multiple bullish sell-side previews.
The analysts also highlighted optimism for Micron’s traditional server and PC segments, beyond the AI-focused memory chip business. Micron stated that growth in traditional servers for the 2025 calendar year has risen “significantly,” from flat to mid-single-digit expansion, while PC unit shipments are projected to increase at a mid-single-digit percentage rate, largely fueled by the adoption of AI-enabled PCs.
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