Micron Technology Inc. reported its fiscal second-quarter earnings, showcasing significant growth and outperforming Wall Street expectations. The company posted adjusted earnings per share (EPS) of $0.42, a notable improvement from the expected -$0.24 and up from the -$1.91 from the same quarter last year. Revenue also saw a substantial increase, reaching $5.82 billion, up 58% year-over-year (YoY), and surpassing the anticipated $5.35 billion. This performance led to a nearly 12% increase in Micron's stock in after-hours trading. The positive results are attributed to strong demand for artificial intelligence (AI) hardware, with Micron being highlighted as a major beneficiary in the semiconductor industry from the AI-driven market opportunity. Looking ahead, Micron provided a strong revenue forecast for the third quarter, estimating adjusted revenue to be between $6.4 billion and $6.8 billion, above the expected $5.99 billion. The company's success is further underscored by its adjusted operating income of $504 million and cash flow from operations of $1.22 billion for the quarter, although it fell short of the $2.14 billion estimate.