Micron surges after Q3 results smash expectations with strong outlook

Shares of Micron are jumping in the after-hours session after the chipmaker posted a fantastic set of quarterly results.

For the three months ending in May, Micron booked $9.3 billion in sales (compared to an estimate of $8.85 billion) with adjusted earnings per share of $1.91 (est. $1.60).

Those sales and EPS figures didn’t just exceed the consensus estimates — they topped every analyst’s forecasts!

“Data center revenue more than doubled year-over-year and reached a quarterly record, and consumer-oriented end markets had strong sequential growth,” President and CEO Sanjay Mehrotra said.

Management projected revenue for the three months ending this August would range between $10.4 billion and $11 billion, well ahead of estimates, with adjusted earnings per share from $2.35 to $2.65, also light-years above what Wall Street was looking for.

“Strong ramp-ups for Nvidia’s Blackwell GPUs is a tailwind for Micron’s high-bandwidth memory (HBM) sales,” Bloomberg Intelligence analyst Jake Silverman wrote ahead of this release.

The market reaction so far, if sustained, would mark a welcome change for the chipmaker, whose shares have fallen 8% and 16% in the sessions following its last two earnings reports.

Micron is the third-best-performing stock in the Nasdaq 100 in 2025, up about 51% as of Wednesday’s close.