Micron shares jump on earnings beat, rosy guidance as data center revenue triples
Micron shares rose in extended trading Thursday after the company reported better-than-expected results and issued guidance that topped estimates.
Micron shares popped 6% in extended trading Thursday after the company reported second-quarter results that beat analysts' estimates and offered better-than-expected guidance.
Here's how the company did:
Earnings per share: $1.56, adjusted vs. $1.42 expected by LSEG
Revenue: $8.05 billion vs. $7.89 billion expected by LSEG
Revenue increased 38% from $5.82 billion during the same period in 2024, Micron said in a press release. The memory and storage solutions company reported net income of $1.58 billion, or $1.41 per share, up from $793 million, or 71 cents per share, in the year-ago quarter.