The company reported earnings per share of $25.11 in its quarterly report released Wednesday evening. Analysts had expected $20.78 per share,CNBC reports.
Revenue was reported at $41.46 billion, compared to the $35.84 billion that analysts expected.
For the current quarter, Micron expects revenue to be around $50 billion. Analyst firm LSEG had expected it to be $43.58 billion.
Micron's share price has increased by around 700 percent in the past year.
In after-hours trading on the New York Stock Exchange, the stock is now up just over 10 percent.
Micron is the world's 14th most valuable publicly traded company.
