Micron reported EPS of $25.11, topping estimates, and guided fourth-quarter revenue above expectations.
Micron posted earnings per share of $25.11, surpassing the $20.6 estimate, as demand from AI hyperscalers drove pricing power. The company guided fourth-quarter revenue to $31, above the $25.50 consensus forecast.
A year ago, Micron shares traded at $40, and the company now generates 75% of that value in a single quarter. Margins expanded to 85%, reflecting strong pricing leverage in the memory market.
Micron shares reversed earlier losses and climbed 4% in after-hours trading following the results.