Micron Technology reported better-than-expected earnings and revenue for its fiscal third quarter of 2025, along with an optimistic forecast for the current period. Total sales jumped 37% from $6.81 billion a year ago, driven by soaring demand in the high-bandwidth memory (HBM) market due to the artificial intelligence boom.
Data center revenue more than doubled in the third quarter, highlighting the continued strength in AI-driven memory demand. Micron's CEO, Sanjay Mehrotra, emphasized the company's disciplined investments in technology leadership and manufacturing excellence to satisfy this growing demand.
For the fiscal fourth quarter, Micron projected revenue of approximately $10.7 billion, representing a 38% increase from $7.75 billion a year earlier and surpassing the average analyst estimate of $9.9 billion. This guidance signals continued robust performance and a new quarterly revenue record for the company.
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