Micron's Q3 earnings beat expectations, revenue increases, projects strong growth, and outperforms in semiconductor market.

From CNBC: 2025-06-25 16:39:00

Micron CEO Sanjay Mehrotra spoke at an event with President Joe Biden on the CHIPS and Science Act and Investing in America agenda. Micron shares surged in after-hours trading following better-than-expected earnings and revenue reports. The company’s earnings per share were $1.91, exceeding the $1.60 expected, and revenue was $9.3 billion, surpassing the $8.87 billion estimate.

Micron projects revenue for the current fiscal fourth quarter to be around $10.7 billion, a 38% increase from the previous year. Data center revenue doubled in the third quarter, with total sales up 37% from last year. The company attributes the growth to high demand in the HBM market driven by the artificial intelligence boom.

CEO Sanjay Mehrotra highlighted Micron’s investments in technology and manufacturing to meet the rising demand for AI-driven memory. Micron shares have risen by 51% this year, outpacing the Nasdaq’s 3.4% gain. The company’s performance reflects its success in the competitive semiconductor market, gaining market share against rivals like Samsung.



Read more at CNBC:: Micron (MU) Q3 2025 earnings report