Micron Technology and Jabil Inc. reported robust quarterly results driven by sustained demand for AI infrastructure and data center solutions, reinforcing investor confidence in semiconductor and tech supply chains. Both companies exceeded revenue and profit expectations, with Micron’s storage revenue up 15% year-over-year and Jabil’s revenue rising 11%.
- Micron reported Q3 revenue of $6.4 billion, up 15% YoY, driven by AI and data center demand
- Jabil’s Q2 revenue reached $5.8 billion, an 11% increase year-over-year
- Micron’s enterprise storage revenue grew 22% YoY, signaling strong AI infrastructure adoption
- Jabil’s gross margin improved to 14.8% from 13.5% in prior year
- Both stocks rose in after-hours trading, with MU up 4.3% and JBL up 3.1%
- Results reflect sustained demand for AI hardware and cloud infrastructure components
Micron Technology and Jabil Inc. emerged as key performers in the latest wave of AI and data center earnings reports, delivering results that underscore the ongoing strength in high-performance computing infrastructure. Micron reported fiscal Q3 revenue of $6.4 billion, a 15% increase year-over-year, fueled by strong demand for enterprise SSDs and memory solutions used in AI training and inference workloads. The company also achieved a non-GAAP profit margin of 32%, reflecting improved product mix and pricing power. Jabil posted revenue of $5.8 billion for its fiscal Q2, marking an 11% year-over-year rise and surpassing analyst forecasts. The company attributed the growth to expanded partnerships in cloud infrastructure and AI hardware development, particularly in the design and manufacturing of server components for major data center operators. Jabil’s gross margin improved to 14.8%, up from 13.5% in the prior year, driven by operational efficiencies and higher volumes in high-margin segments. The results highlight a structural shift in technology spending toward AI-driven data center expansion, with both companies reporting double-digit growth in revenue from cloud and AI-related clients. Micron’s enterprise storage revenue grew 22% YoY, while Jabil’s communications and computing segment saw 18% revenue growth, indicating a broad-based demand across the supply chain. Stocks of both companies reacted positively, with Micron (MU) rising 4.3% and Jabil (JBL) gaining 3.1% in after-hours trading. Investors are viewing these results as confirmation that the AI infrastructure build-out remains on track, potentially supporting continued investment in semiconductor manufacturing, server OEMs, and related supply chain firms.