The Micron Technology offices in San Jose, California, US, on Tuesday, Dec. 16, 2025.
Micron Technology reported fiscal first-quarter results on Wednesday that beat Wall Street expectations for sales and earnings per share, and provided a strong forecast for the current quarter.
Micron shares rose 5% in extended trading.
Here's how the memory maker did versus LSEG consensus estimates:
Earnings per share : $4.78, adjusted, versus $3.95 estimated
: $4.78, adjusted, versus $3.95 estimated Revenue: $13.64 billion vs. $12.84 billion estimated
In the second quarter, Micron said it expected about $18.70 billion of revenue in the current quarter, versus $14.20 billion expected by LSEG. It said adjusted earnings per share would be about $8.42, blowing away expectations of $4.78 per share.
"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 CEO Sanjay Mehrotra said on an earnings call with analysts, adding that the company sees that server units grew in the "high teens" in 2025.
Micron had $5.24 billion of net income during the first quarter, or $4.60 per share, versus $1.87 billion in the year-ago period, or $1.67 per share. Overall revenue surged 57% on a year-over-year basis.
Micron makes memory and solid-state storage for computers. Those semiconductors have been in short supply in recent months as the artificial intelligence infrastructure boom requires massive amounts of both kinds of chips.