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Micron Forecasts Blowout Earnings on Booming AI Market, Shares Rise 14%
Micron's profit reached $5.2 billion with a forecast of $18.7 billion next quarter driven by AI and data-center demand, while exiting the consumer chip market.
- Dec 17, Micron Technology, Boise, Idaho-based memory-chip maker, reported record quarterly sales of $13.6 billion and made a $5.2 billion profit, projecting about $18.70 billion revenue next quarter.
- Earlier this month, Micron announced it would exit Crucial to prioritize AI data centers, driven by surging demand from large cloud service providers, said Sumit Sadana.
- Micron said cloud-memory sales reached $5.28 billion, nearly doubling year-on-year, while adjusted diluted EPS was $4.78 and free cash flow hit a quarterly record of $3.9 billion.
- Shares rose in after-hours trading as bulls pushed Micron shares higher and management increased 2026 capital expenditure plans to $20 billion while negotiating multiyear contracts.
- Management expects memory markets to remain tight past 2026 while Micron plans to start work soon on a $100 billion Clay complex with $25 billion in taxpayer subsidies for four fabs and 9,000 employees.
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Micron Technology stock rose after strong Q1 results and a record-breaking forecast. Revenue, cash flow, and EPS all exceeded expectations. Latest Ratings for MU DateFirmActionFromTo Feb 2022WedbushUpgradesNeutralOutperform Jan 2022Goldman SachsMaintainsBuy Jan 2022New Street ResearchInitiates Coverage OnBuy View More Analyst Ratings for MU View the Latest Analyst Ratings
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Micron's blowout quarter underscores tightening memory supply and rising AI leverage
Micron Technology's latest financial results point to a deepening structural upswing in the memory market, with AI-driven demand pushing pricing, margins, and investment plans higher, while management signals supply tightness extending well into 2026 and beyond.
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Total News Sources81
Leaning Left22Leaning Right3Center40Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 34%
C 61%
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