Micron Soars on Strong AI Forecast, Q1 Beats Estimates; Shares Up 170% in 2025

• Micron shares surged 8% in extended trading after reporting strong Q1 results and delivering better-than-expected Q2 guidance, with shares up over 170% in 2025.
• Q1 sales reached $13.6 billion (up 57% YoY) and EPS hit $4.78, both significantly exceeding analyst estimates.
• Micron's Q2 revenue forecast is $18.3B-$19.1B and EPS $8.22-$8.62, well above average projections.
• As an "essential AI enabler," Micron sees demand for its High-Bandwidth Memory (HBM) outstripping supply, leading to a raised Capex guidance of $20 billion.
• HBM is sold out for 2026, and management expects memory shortages to persist beyond calendar year 2026, highlighting sustained AI demand.

Why It Matters: Micron's strong performance and AI-driven demand signal continued growth despite supply challenges.