Micron's Revenue Surges 46% on AI Demand, Outpaces Expectations

Micron Technology, a prominent global manufacturer of storage chips, has reported a substantial increase in revenue for its fourth fiscal quarter, ending on August 28, 2025. The company's revenue surged by 46% year-over-year, reaching $113.2 billion. This significant growth surpasses analysts' expectations and underscores the company's strong market performance.

The robust revenue growth is largely driven by the surging demand for artificial intelligence (AI) technologies. The company's high-bandwidth memory (HBM) revenue, which is crucial for AI data processing, reached a new high in the fourth fiscal quarter. This surge has propelled the data center business to achieve record-breaking annual performance.

Looking ahead, Micron Technology has provided a positive outlook for the first fiscal quarter of 2026. The company anticipates revenue to range between $122 billion and $128 billion, indicating a year-over-year growth of over 40%. The adjusted earnings per share (EPS) for the first fiscal quarter is expected to be around $3.75, reflecting a year-over-year increase of 109.5%. This outlook exceeds analysts' expectations, highlighting the company's optimistic view of the market.

Micron's CEO has stated that the company has expanded its HBM customer base to six clients and expects most of its HBM products to be pre-ordered for the coming year. The company has already begun delivering HBM4 product samples to customers and is actively discussing specifications and supply quantities for HBM4. This strategic positioning in the AI market is expected to drive continued growth and innovation for Micron Technology.