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2025-12-18 05:26:36
On Wednesday, Micron Technology raised its earnings guidance for the second quarter of fiscal year 2025, projecting revenue between $18.3 billion and $19.1 billion, compared to analysts' previous average estimate of $14.4 billion. Adjusted earnings per share are expected to be between $8.22 and $8.62, significantly exceeding market expectations of $4.71. The market is currently experiencing explosive growth in demand for AI computing components, widening the supply-demand gap. Memory chip manufacturers like Micron are directly benefiting, while there is also a shortage of relatively low-end memory chips used in personal computers, partly because the storage industry is shifting production capacity towards high-end technology products needed for AI data centers. Micron Technology is one of the core beneficiaries of this surge in AI demand, as its high-bandwidth memory (HBM) is a key component in the chips and systems needed for developing AI models. In the first quarter of fiscal year 2025, ending November 27, Micron Technology's revenue increased 57% year-over-year to $13.6 billion, with adjusted earnings per share of $4.78, both exceeding analysts' previous forecasts of $13 billion in revenue and $3.95 in earnings per share.
