Changes in US stocks | Micron Technology (MU.US) surged more than 14% in the premarket, performance guidance surpassed expectations

The Zhitong Finance App learned that on Thursday, Micron Technology (MU.US) surged more than 14% before the market to $257.90. According to financial reports, Micron Technology's adjusted revenue for the first fiscal quarter was US$13.64 billion, up 57% year on year, higher than analysts' expectations of US$12.95 billion. In GAAP terms, net profit jumped from $2 billion last year to $5.2 billion. In terms of cloud storage, the company's revenue for the first fiscal quarter was US$5.284 billion, the previous quarter was US$4.543 billion, and the same period last year was US$2,648 billion.

Furthermore, the company's data center business revenue for the first fiscal quarter was US$2,379 million, compared to US$1,577 billion in the previous quarter, and US$2,292 billion in the same period last year. In terms of performance guidance, the company expects revenue for the second fiscal quarter to be US$18.7 billion, fluctuating up and down US$400 million, far exceeding analysts' expectations of US$14.38 billion.