Micron Technology raises stock dividend after record quarter

The memory chip manufacturer Micron Technology experienced a rise in its stock prices in after-hours trading after announcing impressive record sales for the last quarter. An increasing demand for hardware in the field of artificial intelligence drove the results to unexpected heights. As a partner of Nvidia and Advanced Micro Devices, Micron's shares received a boost of over 2% in after-hours trading. Since the beginning of 2025, the stock prices have nearly doubled. Micron reported an adjusted earnings per share of $3.03, while revenue increased by 46% to a whopping $11.32 billion in the fourth fiscal quarter. Both figures exceeded analysts' expectations gathered by Visible Alpha, as the data center business flourished. Micron benefits from the same market developments as a memory supplier to leading AI chip manufacturers like Nvidia and Advanced Micro Devices. These positive results point to exciting times for the AI market. CEO Sanjay Mehrotra expressed optimism about the new fiscal year 2026, in which the company is starting with strong momentum and a competitive product portfolio. As the only U.S.-based memory manufacturer, Micron is in an ideal position to benefit from the AI revolution. For the upcoming first fiscal quarter, Micron expects an adjusted earnings per share between $3.41 and $3.71 with revenue ranging from $12.20 to $12.80 billion, exceeding consensus forecasts.