Memory-chip maker Micron Technology late Tuesday trounced analyst estimates for its fiscal fourth quarter and with its outlook, thanks to strong AI data center growth. Micron stock rose in extended trading.
The Boise, Idaho-based company earned an adjusted $3.03 a share on sales of $11.32 billion in the quarter ended Aug. 28. Analysts polled by FactSet had expected Micron earnings of $2.86 a share on sales of $11.22 billion. On a year-over-year basis, Micron's earnings soared 157% while sales increased 46%.
It was the company's third consecutive quarter of triple-digit percentage gains in earnings.
For the current quarter, Micron forecast adjusted earnings of $3.75 a share on sales of $12.5 billion. That's based on the midpoint of its guidance. Wall Street was looking for earnings of $3.10 a share on sales of $11.91 billion in the fiscal first quarter. In the same quarter last year, Micron earned an adjusted $1.79 a share on sales of $8.71 billion.
In after-hours trading on the stock market today, Micron stock jumped nearly 2% to 169.27. It was last up nearly 1%. During the regular session Tuesday, Micron stock rose 1.1% to close at 166.41.
Last Thursday, Micron stock notched a regular-session record high of 170.45 in intraday trades.
Micron Stock Is On Three IBD Lists
"In fiscal 2025, we achieved all-time highs across our data center business and are entering fiscal 2026 with strong momentum and our most competitive portfolio to date," Chief Executive Sanjay Mehrotra said in a news release. "As the only U.S.-based memory manufacturer, Micron is uniquely positioned to capitalize on the AI opportunity ahead."
Micron makes two main types of memory chips: DRAM and Nand. DRAM (dynamic random-access memory) chips act as the main memory in PCs, servers and other devices, working closely with central processing units. Nand flash chips provide longer-term data storage.
Lately, Micron has gotten a boost from providing high-bandwidth memory (HBM) for data centers running artificial intelligence applications.
Micron stock is on three IBD lists: IBD 50, Leaderboard and Tech Leaders.
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