Micron's profit quadrupled, exceeding analysts' expectations

17:25 - 24.09.2025


September 24, Fineko/abc.az. Micron reported an increase in net profit up to $3.2 bn for the quarter against $887 million a year earlier.

ABC.AZ informs that adjusted earnings were $3.03 per share, exceeding FactSet's forecast of $2.86. Revenue rose to $11.3 billion, with expectations of $11.2 bn. The largest growth was shown by the segment of cloud solutions (+3-fold), sales for mobile devices almost doubled, and for cars increased by 17%. The company forecasts revenue of $12.2–12.8 bn and profit of $3.6–3.9 per share in the new quarter.