GoKawiilMicron posts record $54.2 billion quarter, forecasts $61.5 billion for next quarter
Micron beat Wall Street expectations with adjusted earnings of $33.42 per share and revenue of $54.23 billion, nearly quadruple the figure from a year earlier. The chipmaker guided for roughly $61.5 billion in revenue and $38.15 in adjusted earnings per share next quarter, topping analyst estimates. DRAM revenue, its largest segment, rose 343% year-over-year to $39.8 billion.
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The results suggest the AI-driven memory chip shortage remains intense, with Micron's stock having climbed over 500% in the past year on demand for high-bandwidth memory used in AI systems. A Gabelli Funds portfolio manager said he sees no signs the memory cycle is turning down soon, which could mean continued elevated prices for consumer electronics like iPads and MacBooks that rely on these chips. Micron's position as the only US-based HBM maker, and its work with Nvidia on custom HBM, could strengthen its standing in the broader AI supply chain.
- Micron's adjusted EPS of $33.42 and revenue of $54.23 billion beat analyst forecasts.
- Guidance for next quarter points to $61.5 billion in revenue, above the $57 billion analysts expected.
- DRAM sales jumped 343% year-over-year to $39.8 billion, now 73% of total revenue, amid an AI-fueled memory shortage.
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See Crucial P3 Plus 1TB NVMe SSD on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: cnbc.com — Katie Tarasov Kif Leswing, 2026-09-30
Published there as: “Micron beats on earnings and issues strong guidance as data center revenue jumps 11-fold”
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