Micron reported its most profitable quarter on record after the close yesterday, with third-quarter revenue increasing to $41.5 billion, versus $9.3 billion in the same quarter last year|Malaysia Skyline|CC BY 4.0
Micron exceeded expectations for its May quarter and delivered revenue and profit guidance above Wall Street forecasts.
The company reported its most profitable quarter on record after the close yesterday, with third-quarter revenue increasing to $41.5 billion, versus $9.3 billion in the same quarter last year.
Shares jumped 14% after hours, lifting Nasdaq futures.
The results followed a tech selloff that rippled from South Korean chipmakers to US fiber-optic firms. Amid growing scrutiny of AI supply-chain bottlenecks, Micron signaled that global demand for memory is still robust.