Micron Technology exceeded earning expectations and surged throughout June, driven by strong guidance and revenue growth.

From Yahoo Finance: 2025-07-02 09:30:00

Micron Technology exceeded earnings expectations and provided strong guidance for the future. Despite a post-earnings dip, the stock had surged throughout the month. The company reported a 36.6% increase in revenue to $9.3 billion and adjusted EPS of $1.91, well above analyst forecasts. Micron’s success is attributed to AI, with a significant increase in high-bandwidth memory for AI training. They are on track to achieve market share in HBM equal to their DRAM share. Micron’s stock may seem expensive, but with stable HBM pricing and advancements in technology, it could see sustained profitability and less cyclicality. While Micron may be fully valued, it could see a higher re-rating with continued profitability. The Motley Fool Stock Advisor team did not include Micron Technology in their top 10 stock picks, suggesting potential for other companies to generate significant returns.

Read more: Why Micron Technology Rallied 30.5% in June