Micron Earnings: Rocketing AI Demand
Here's our initial take on 's (NASDAQ: MU) financial report.
The third quarter of fiscal 2025 was a bonanza for memory chip manufacturer Micron. Revenue rose 37% year over year, and adjusted EPS more than tripled, thanks largely to soaring demand for data center memory chips. Revenue from high-bandwidth memory, which is used in AI accelerators, grew by 50% from the previous quarter, while overall data center revenue more than doubled year over year.
Micron is currently ramping production of its HBM3E 12H product, and it expects its HBM market share to reach similar levels as its overall DRAM market share in the second half of the calendar year. The company is now shipping HBM to four customers at high volume, and it's delivered samples of its next-generation HBM4 chips to multiple customers as it prepares to ramp production in 2026.
Source Fool.com
Micron Technology Inc. Stock
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As a result the target price of 432 € shows a slightly positive potential of 12.65% compared to the current price of 383.5 € for Micron Technology Inc..
