Micron Technology announced robust financial results for its second quarter of fiscal 2025, surpassing analysts' estimates for both earnings and revenue. The company reported a net income of $1.58 billion, or $1.41 per share, a significant increase from $793 million, or 71 cents per share, in the year-ago quarter.
Revenue for the quarter reached $8.8 billion, marking a 38% increase from $5.82 billion during the same period in 2024. This growth was largely driven by the data center segment, which saw its revenue triple year-over-year, underscoring the strong demand for memory and storage solutions in artificial intelligence applications.
Looking ahead, Micron provided an optimistic forecast for its fiscal third quarter, projecting revenue of approximately $8.8 billion, which exceeds the average analyst estimate of $8.5 billion. Adjusted earnings are expected to be around $1.57 per share, also beating the average estimate of $1.47, signaling continued positive momentum for the company.
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