Phenomenal financial report, profits soared, far exceeding expectations!!
This morning, a major event occurred in the storage sector as Micron Technology released its second fiscal quarter report for the period ending this February.
The data is truly impressive—revenue skyrocketed by 197%, gross margin reached 74.4%, and all core indicators exploded.
Almost simultaneously, Alibaba Cloud also took action, with AI computing power and storage products rising by up to 34%, and the reason is straightforward: Token usage hit a historic high.
These two events happening on the same day is no coincidence.
It points to a core judgment: AI is pushing the storage industry from the previous “cyclical ups and downs” to a new phase of “value re-evaluation.”
First, let's look at Micron's financial report, which is indeed a phenomenon driven by AI.
How to describe the performance of the second fiscal quarter? Using the term “off the charts” is not an exaggeration:
Even more alarming is the expectation for the next quarter—third fiscal quarter revenue is expected to be $33.5 billion, while analysts are only predicting $24.3 billion; earnings per share are $19.15, with gross margin continuing to soar to around 81%.
With such confidence, the board directly announced a 30% increase in the quarterly dividend.
So the question arises: What is Micron's secret to such strength?
Just three words: AI is driving it.
This morning, a major event occurred in the storage sector as Micron Technology released its second fiscal quarter report for the period ending this February.
The data is truly impressive—revenue skyrocketed by 197%, gross margin reached 74.4%, and all core indicators exploded.
Almost simultaneously, Alibaba Cloud also took action, with AI computing power and storage products rising by up to 34%, and the reason is straightforward: Token usage hit a historic high.
These two events happening on the same day is no coincidence.
It points to a core judgment: AI is pushing the storage industry from the previous “cyclical ups and downs” to a new phase of “value re-evaluation.”
First, let's look at Micron's financial report, which is indeed a phenomenon driven by AI.
How to describe the performance of the second fiscal quarter? Using the term “off the charts” is not an exaggeration:
Even more alarming is the expectation for the next quarter—third fiscal quarter revenue is expected to be $33.5 billion, while analysts are only predicting $24.3 billion; earnings per share are $19.15, with gross margin continuing to soar to around 81%.
With such confidence, the board directly announced a 30% increase in the quarterly dividend.
So the question arises: What is Micron's secret to such strength?
Just three words: AI is driving it.