Micron Technology is a leading global provider of advanced semiconductor solutions, specializing in memory and storage products
The company designs and manufactures dynamic random-access memory (DRAM) and NAND flash memory, which are essential components used in various electronic devices, including smartphones, computers, data centers, and automotive applications. By delivering innovative and high-performance memory solutions, Micron plays a crucial role in supporting the growing demand for data storage and processing capabilities in an increasingly digital world. Additionally, they engage in research and development to advance technology and improve product efficiency, making significant contributions to the evolution of the semiconductor industry.
Memory chips maker Micron (NYSE:MU) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 38.3% year on year to $8.05 billion. On top of that, next quarter’s revenue guidance ($8.8 billion at the midpoint) was surprisingly good and 3.2% above what analysts were expecting. Its non-GAAP profit of $1.56 per share was 9.5% above analysts’ consensus estimates.
Market indexes spent all trading day in the green for this Hump Day session, and felt encouraged enough by the Fed’s latest monetary policy overview — and later Fed Chair Jerome Powell’s press conference — to take levels higher.
Earlier this week, Citi said that it expects the company to post "decent results but guide below consensus, driven by worse consumer mix and NAND underutilization charges.”
