Micron Technology announced fiscal first-quarter results that exceeded Wall Street projections on sales and earnings per share, and presented a significant forecast of the current quarter.
Below are the results of the memory maker and the LSEG consensus estimations: Earnings per share at $4.78, adjusted, compared to the $3.95 estimation. Revenue: $13.64 billion compared to. $12.84 billion estimation.
During the second quarter, Micron indicated that it was anticipating some $18.70 billion of revenue this quarter compared with an anticipated revenue of $14.20 billion by LSEG. It was reported that adjusted earnings per share would be about $8.42, blowing away expectations of $4.78 per share.
Micron CEO Sanjay Mehrotra added on an earnings call with analysts, citing that the company witnessed that server units grew in the “high teens” in 2025.
He said, “This growth in AI data center capacity is driving a significant increase in demand for high-performance and high-capacity memory and storage. Server unit demand has strengthened significantly.”
Micron recorded $5.24 billion of net income in the first quarter, which was equivalent to $4.60 per share, compared to the previous year, that would be equivalent to $1.87 billion, or $1.67 per share. The total revenue surged 57 percent on a year-over-year basis.
Micron manufactures memory and solid-state computer storage. Such semiconductors have been at a shortage over the last few months as the artificial intelligence infrastructure boom demands huge quantities of both types of chips.
Meanwhile, the Micron shares have shot up 168 percent in 2025 as the high demand for memory drove the price. Micron is among the three companies that manufacture high-bandwidth memory required to run AI applications.
However, the Micron memory is utilized in huge amounts in the new AI chips produced by AMD. Micron reported it made $5.28 billion in cloud memory sales, and this was doubling on an annual basis.
The chipmaker recorded a 4 percent year-over-year rise in core data center sales, standing at $2.38 billion. The company indicated that the two business units had increased pricing.
Micron announced earlier this month that it would no longer sell memory and other parts in its own stores to maintain AI chip and data center supply.
