Micron Technology Inc reported better-than-expected earnings, with adjusted earnings per share (EPS) of $33.42, surpassing analysts’ estimates of $31.83. The company’s adjusted revenue reached $54.23 billion, beating the projected $51.49 billion.

For the first quarter, Micron forecast adjusted revenue between $60 billion and $63 billion, above the estimated $56.77 billion, and adjusted EPS in the range of $37.15 to $39.15, exceeding the forecasted $36.02.