Technology: Micron with another record quarter and optimistic outlook
Thanks to the ongoing AI boom, the US semiconductor manufacturer is quintupling its sales. The profit is also significantly higher than market expectations.
Micron has reported another record quarter due to high demand for memory chips. The company's revenue increased fivefold to $54.23 billion in the past three months, with adjusted earnings per share rising to $33.42. Micron's CEO, Sanjay Mehrotra, expects even better results for the 2026/2027 fiscal year and plans to increase investments in technology, products, and manufacturing.
The company forecasts revenues of $60-63 billion and earnings per share of $37.15-39.15 for the current quarter. Micron's shares rose nearly 0.5% in after-hours trading on the Wall Street.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
