Micron Technology (MU) delivered a blockbuster fiscal third-quarter report, easing concerns about the artificial intelligence memory market and sending its shares sharply higher. The stock surged as much as 19% on Thursday, reaching a new intraday record high before trimming some gains.<\/p>\n\n\n\n
The memory-chip maker reported record quarterly revenue of $41.5 billion and adjusted earnings of $25.11 per share, both exceeding Wall Street expectations. Gross margin reached an all-time high of 84.9%, the highest level in data dating back to 1990, highlighting the company’s exceptional pricing power as demand for AI memory continues to outpace supply.<\/p>\n\n\n\n
The strong results came just days after semiconductor stocks experienced a sharp sell-off, fueled by concerns over AI spending and implementation. Micron’s earnings helped restore investor confidence, suggesting that demand for high-performance memory remains robust.<\/p>\n\n\n\n
One of the report’s most significant highlights was the announcement of 16 long-term customer agreements designed to secure memory supply over multiple years. Fourteen of those contracts represent approximately $100 billion in minimum committed revenue and include take-or-pay provisions, ensuring customers purchase agreed-upon volumes or pay regardless. The agreements are also backed by roughly $22 billion in deposits and related commitments.<\/p>\n\n\n\n
The contracts underscore how critical memory has become in AI infrastructure. High-bandwidth memory plays a vital role in powering AI servers, making it a strategic component rather than a commodity. For investors, Micron’s latest results reinforce the view that AI-driven demand remains strong and that memory suppliers are positioned to benefit from the industry’s continued expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chipmaker posts record revenue and profits while long-term customer agreements reinforce confidence in the AI memory market Micron Technology (MU) delivered a blockbuster fiscal third-quarter report, easing concerns about the artificial intelligence memory market and sending its shares sharply higher. The stock surged as much as 19% on Thursday, reaching a new intraday record high […]<\/p>\n","protected":false},"author":2,"featured_media":1735,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[]},"categories":[361],"tags":[421,416,697,418,977,417],"coauthors":[454],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/10678"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=10678"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/10678\/revisions"}],"predecessor-version":[{"id":10679,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/10678\/revisions\/10679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1735"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=10678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=10678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=10678"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=10678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}