Overview
Micron Technology reported a blockbuster fiscal third quarter, delivering revenue of $41.46 billion, more than four times the $9.3 billion recorded a year earlier and well above the $35.84 billion consensus estimate. Adjusted earnings per share came in at $25.11, comfortably beating the forecast of $20.78. The strong results propelled Micron’s share price up more than 18% in after‑hours trading.
Segment Performance
The data‑centre segment was the primary driver, with revenue climbing to $11.5 billion, a more‑than‑seven‑fold increase year‑over‑year, reflecting soaring demand for memory chips in artificial‑intelligence infrastructure. Gross margin for the quarter surged to 84.9%, up from 39% a year earlier.
Outlook and Commitments
For the current quarter, Micron guided revenue of approximately $50 billion, roughly 4.5× the prior‑year figure and notably higher than the $43.58 billion consensus compiled by LSEG. The company also announced the signing of 16 long‑term supply agreements with data‑centre operators and automakers, committing $22 billion in financial obligations over the next three to five years.
Market Reaction in Europe
Following Micron’s results, European semiconductor stocks rallied. ASM International led the gains with a 5.9% rise, while ASML, BE Semiconductor Industries, Infineon Technologies, and STMicroelectronics also posted strong advances. The broader STOXX Europe Technology index climbed 1.8%, ranking among the top performers on the STOXX 600.
Analyst Commentary
Goldman Sachs analyst Alexander Duval noted that continued AI‑driven demand is tightening supply‑demand dynamics in both DRAM and NAND memory markets. He suggested this creates a positive near‑ to medium‑term outlook for European semiconductor players such as ASML, ASM International, and BE Semiconductor, as tighter supply improves visibility and customers are more willing to share detailed product‑ramp information.