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Micron shares jump on earnings beat, rosy guidance as data center revenue triples

Micron shares jump on earnings beat, rosy guidance as data center revenue triples

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Signage outside the Micron offices in San Jose, California, on Dec. 17, 2024.

David Paul Morris | Bloomberg | Getty Images

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.

Data center revenue tripled, the company said.

Revenue for the fiscal third quarter will be about $8.8 billion, Micron said, topping the $8.5 billion average analyst estimate, according to LSEG. Adjusted earnings will be roughly $1.57 a share, the company said, beating the $1.47 average estimate.

Prior to Thursday’s close, Micron shares were up 22% for the year, while the Nasdaq is down more than 8%.

Micron will host its quarterly call with investors at 4:30 p.m. ET.



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