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Micron Technology’s Strong Performance Amid AI Boom
Who: Micron Technology (NASDAQ: MU)
What: The company reported record fiscal 2025 results with a revenue of $37.4 billion, a 50% year-over-year increase, and earnings per share of $8.29, a 538% rise. High demand for memory products, particularly from data centers, has been a significant contributor.
When: Fiscal year ended August 28, 2025, with results reported on September 23, 2025.
Where: Global operations, with key investments in new fabs in Idaho and expansions in Japan and Singapore.
Key Numbers: – Revenue surged to $37.4 billion.
– Gross margin increased to 41%.
– Data center segment accounted for 56% of revenue.
Micron is projecting continued growth into fiscal 2026, with anticipated revenue between $12.2 billion and $12.8 billion for Q1, driven by a mismatch in DRAM supply and demand, which is expected to raise unit prices. The company plans to invest $13.8 billion in capital expenditures for technology upgrades and new facilities.
Analysts forecast earnings per share of $11.59 and $12.47 for fiscal 2026 and 2027, respectively. Micron trades at a forward P/E of 12.4, indicating potential upside if it aligns more closely with core AI infrastructure players that have higher valuations.
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