U.S. futures rise after Micron's earnings beat

U.S. stock-index futures rose on June 25 after Micron Technology reported a much stronger-than-expected fiscal third quarter and issued upbeat guidance, adding fresh momentum to the semiconductor trade before the U.S. open.

Micron said revenue for the quarter reached $41.46 billion and adjusted earnings per share came in at $25.11. Coverage from multiple outlets said the results topped Wall Street expectations, while the company guided fiscal fourth-quarter revenue to about $49 billion to $51 billion, also above estimates cited in reports.

Micron's shares surged in after-hours and premarket trading after the report, and the bullish read-through extended to other chip names. Asian semiconductor stocks also moved higher, including South Korea's Kospi and Japan's Nikkei, as investors responded to the stronger outlook for memory demand and AI-related spending.

Earnings beat lifts chip sentiment

The latest move followed a recent selloff in AI and semiconductor stocks. Micron's results became a new catalyst for the group, with analysts and traders focused on whether the company's stronger guidance could support valuations across the chip sector.

In reporting overnight, MarketWatch said U.S. futures climbed after Micron's earnings beat, while AP noted that broader Wall Street trading had been mixed even as Micron helped lead the market. WSJ and Investopedia both highlighted the company's stronger revenue and profit figures and the improved outlook.

What investors are watching next

The main near-term question is whether the futures gain holds into the cash session once U.S. trading opens.

Another focus is the June 25 PCE inflation report, which could move interest-rate expectations and either reinforce or offset the earnings-driven rally. For now, Micron's results have given the chip trade a clear boost before the macro data arrives.