Micron announced its fiscal year 2025 second quarter results, which exceeded market expectations, covering the period from December of last year to February of this year. This was significantly influenced by a substantial increase in sales of products for artificial intelligence data centers, such as high-bandwidth memory.
Micron noted in its second quarter results announcement on the 20th (local time) that it recorded sales of $8.05 billion (approximately 11.8 trillion won). This represents a 38% increase compared to the same period last year and surpassed the U.S. securities firm forecast of $7.91 billion. The adjusted earnings per share (EPS) was $1.57, exceeding the analyst average estimate of $1.48.
The performance of data center memory semiconductors, centered around DRAM, is analyzed to have driven sales growth. DRAM accounted for 76% of Micron's second quarter sales. Sales increased by 47% compared to the same period last year.
In particular, the growth rate of HBM was remarkable. Micron explained that its quarterly HBM sales surpassed $1 billion, achieving a 50% growth compared to the previous quarter. Sales in the institutional sector of data centers reportedly tripled.
The third quarter performance is also expected to surpass market expectations. Micron stated that it anticipates sales of between $8.6 billion and $9 billion for the third quarter. This is expected to exceed the market forecast of $8.5 billion compiled by research firm LSEG. Micron noted, "We expect another record (performance) for Micron in the third quarter, thanks to increased shipments of both DRAM and NAND."