Micron stock jumps 16% as quarterly revenue quadruples to $41.46 billion
Memory-chip maker Micron reported quarterly revenue of $41.46 billion, more than quadrupling from $9.3 billion a year earlier. Driven by AI demand, the blockbuster results sent the stock up 16% in premarket trading and lifted chip shares across Asia.
Micron reported that quarterly revenue climbed to $41.46 billion from $9.3 billion a year earlier, as demand for high-bandwidth memory used in AI data centres reached record levels. The company said tight supply continued to push prices sharply higher.
Following the results, the stock jumped more than 16% in premarket trading. Analysts noted that the steep rise in memory prices had lifted Micron's profit margins to the highest levels in the company's history, outpacing several larger technology peers.
Micron's performance rippled across Asian chipmakers, with South Korea's SK Hynix climbing 12%. The figures reinforced optimism that AI-driven demand for memory remains durable, and the company offered a strong outlook for the coming quarters as data-centre spending shows little sign of slowing.
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