Market Updates
U.S. Movers: MillerKnoll, Micron Technology
Scott Peters
18 Dec, 2025
New York City
Micron Technology soared 10.3% to $248.90 after the advanced chipmaker estimated a surge in revenue in the current quarter and delivered fiscal first-quarter results that surpassed market expectations.
Revenue in the fiscal first quarter ending in November increased to $13.6 billion from $8.7 billion, net income soared to $5.2 billion from $1.9 billion, and diluted earnings per share rose to $4.60 from $1.67 a year ago.
The company estimated fiscal second quarter revenue of $18.7 billion with a $400 million band, gross margin between 66% and 68%, and diluted earnings per share to range between $7.99 and $8.39.
MillerKnoll Inc. surged 8.2% to $18.96 after the office furniture maker reported its fiscal second-quarter results and strong forecast for the current quarter.
Revenue in the fiscal second quarter ending in November decreased 1.6% to $955.2 million from $970.4 million, net income decreased to $25.2 million from $34.1 million, and diluted earnings per share fell to 35 cents from 49 cents a year ago.
The company estimated fiscal third quarter sales to range between $923 million and $963 million, gross margin between 37.9% and 38.9%, and adjusted diluted earnings per share between 42 cents and 48 cents.
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