Micron Technology Projects $61.5 Billion Revenue as AI and Robotics Drive Global Memory Shortage
19 Sources
[1]
Micron forecasts quarterly revenue above estimates
Sept 30 (Reuters) - Micron Technology (MU.O), opens new tab forecast quarterly revenue above estimates on Wednesday, signaling it expects the AI-driven memory chip boom to continue powering its growth. The generative AI boom has made high-bandwidth memory essential for data centers, benefiting
[2]
We're raising our Micron price target after an incredible quarter and robust guidance
Micron on Wednesday evening delivered a much better-than-expected quarter and indicated that its fiscal year 2027 will be another strong one as demand for its memory products continues to exceed supply. Revenue in the fiscal 2026 fourth quarter, which ended Sept. 3, rose 379% year-over-year to
[3]
Micron says robots will keep RAM prices high, even if the AI bubble pops
Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. Facepalm: With AI demand pushing memory prices to record highs, consumers have been hoping that a swift end to the AI boom could make RAM affordable again. Memory manufacturer Micron, however,
[4]
Micron beats on revenue and earnings as global memory shortage continues
* Micron reported fiscal fourth-quarter earnings that topped estimates. * The memory company is the only U.S.-based maker of high-bandwidth memory crucial for AI. * The stock is up more than 500% in the past year. In this article * MU Follow your favorite stocksCREATE FREE ACCOUNT Micron
[5]
Agentic AI will drive Micron to new heights, says Baird
Growing demand for agentic artificial intelligence will drive Micron Technology shares to never-before-seen heights, according to Baird. The firm reiterated its outperform rating on the memory chipmaker and raised its price target on the stock to $1,520 from $1,280. The new forecast signals upside
[6]
Micron almost quadruples its revenue thanks to AI's insatiable demand for memory chips
Micron almost quadruples its revenue thanks to AI's insatiable demand for memory chips Memory chipmaker Micron Technology Inc. predictably delivered another blowout quarter in its latest financial results, with no sign of a slowdown in the demand for artificial intelligence infrastructure. The
[7]
Micron earnings: AI chip demand drives fresh memory boom - Micron's AI Boom Gets Even Bigger
Micron earnings: AI chip demand drives fresh memory boom 1/10 Micron's AI Boom Gets Even Bigger Micron Technology delivered a blockbuster fiscal fourth quarter, with revenue and profit beating Wall Street expectations by a wide margin. The memory-chip maker also issued a stronger-than-expected
[8]
Micron NAND Revenue Surges 526% on AI Storage Demand - Micron Technology (NASDAQ:MU)
EXCLUSIVE: Micron's NAND Revenue Surged 526%: Why AI Data Centers Need So Much Storage Micron Technology Inc. (NASDAQ:MU) saw NAND revenue surge 526% year over year to a record $14.1 billion in its fiscal fourth quarter as AI data centers demanded more storage alongside the high-speed memory used
[9]
Don't Expect Cheaper Memory Even If The AI Bubble Pops: Micron Says Each Humanoid Robot Would Need Over 200 GB Of DRAM And Multiple Terabytes Of NAND
Micron, one of the so-called 'Big Three' memory players alongside Samsung and SK hynix, and an inarguable pillar of the ongoing AI-centric buildout, has just published financial results for its fiscal Q4 2026, resoundingly beating consensus estimates on nearly every metric. Micron is already
[10]
Micron earnings preview: Tight DRAM supply, HBM demand set stage for Q4 results - Micron Q4 Earnings: AI Memory Boom Faces Its Next Test
Micron earnings preview: Tight DRAM supply, HBM demand set stage for Q4 results 1/6 Micron Q4 Earnings: AI Memory Boom Faces Its Next Test Micron Technology is heading into its September 30 fiscal fourth-quarter results with expectations running high. AI-driven demand for memory remains strong,
[11]
Micron Analyst Dismisses Supply Glut Fears As AI Memory Crunch Deepens - Micron Technology (NASDAQ:MU)
Micron Technology Inc. (NASDAQ:MU) has emerged as a major beneficiary of the AI infrastructure boom as surging memory demand, constrained supply, and strong data-center utilization support pricing and earnings expectations. Micron's latest results reinforced expectations for a longer AI-driven
[12]
Bank of America resets Micron stock forecast as AI 'memory tax' rises
AI companies are compelled to think about memory supply years ahead, not just when the next server arrives. As models grow larger and workloads become more demanding, securing enough high-performance memory is becoming a bigger operational and financial constraint. Bank of America calls that
[13]
Baird's strong agentic AI call on Micron is spot on
The first phase of the AI boom was defined by GPU horsepower and raw compute. The next phase is being driven by agentic workflows, and it is quietly shifting the bottleneck inside data centers back to general-purpose CPUs and server memory. While investors have spent two years obsessed with Nvidia
[14]
Micron Says Humanoid Robots Could Drive Future Memory Demand - Micron Technology (NASDAQ:MU)
Micron Says Humanoid Robots Could Be Next Big Memory Driver, Analyst Sees 'Millions Of Machines' With Server-Level Chips Micron Technology Inc. (NASDAQ:MU) said Wednesday that humanoid robots could become a major driver of memory and storage demand in the years ahead, a shift analyst Shay Boloor
[15]
Micron forecasts stronger first quarter as AI demand accelerates By Investing.com
Investing.com --Micron Technology forecast first-quarter fiscal 2027 revenue and adjusted earnings above Wall Street expectations, signaling continued strength in demand for memory products used in artificial intelligence infrastructure. The company forecast first-quarter revenue of $61.5 billion,
[16]
Micron Q4 Earnings Outlook Could Signal Where the AI Chip Market Is Headed
Analysts expect Micron (NASDAQ:MU) to report fourth-quarter revenue of $50.75 billion, up sharply from $11.31 billion a year earlier. That would mark a new company record, exceeding the $41.46 billion reported in the third quarter. Micron has surpassed revenue estimates for 12 consecutive
[17]
Micron: AI is transforming the memory cycle
Micron Technology significantly exceeded expectations in the fourth quarter and delivered above-consensus guidance for the start of its new fiscal year. But beyond the numbers, the US memory chipmaker is showing a level of visibility rarely seen in this historically cyclical industry. Driven by the
[18]
Baird raises Micron stock price target on AI demand outlook By Investing.com
Investing.com - Baird raised its price target on Micron Technology (NASDAQ:MU) shares to $1,520 from $1,280 while maintaining an Underperform rating. The stock currently trades at $1,082, with InvestingPro data showing the shares remain undervalued with a Fair Value of $1,301. The semiconductor
[19]
Micron forecasts quarterly revenue, profit above estimates on AI memory demand
Sept 30 (Reuters) - Micron Technology forecast quarterly revenue above estimates on Wednesday, signaling it expects the AI-driven memory chip boom to continue powering its growth. Shares of the Boise, Idaho-based company rose over 1% in extended trading. The stock has more than tripled so far this
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Micron Technology reported record-breaking quarterly results with revenue soaring 379% year-over-year to $54.23 billion, beating analyst expectations. The company forecasts first-quarter revenue of $61.5 billion as surging demand for memory in AI applications and emerging humanoid robot manufacturing continues to outpace supply through 2028.
Micron Technology Delivers Record-Breaking Quarter
Micron Technology reported exceptional fiscal fourth-quarter results on Wednesday, with revenue skyrocketing 379% year-over-year to $54.23 billion, significantly exceeding analyst estimates of $51.07 billion
1
. Adjusted earnings per share surged 1,002% to $33.42, beating expectations of $31.612
. The company's stock has soared more than 500% in the past year, reaching a market capitalization exceeding $1.2 trillion4
. As the only major US-based HBM chipmaker, Micron Technology has positioned itself at the center of the AI-driven memory chip boom, with orders far exceeding capacity across its product lines.
Source: Market Screener
AI Infrastructure Fuels Unprecedented Demand
The generative AI boom has made high-bandwidth memory essential for data centers, particularly benefiting Micron as a key supplier to Nvidia, whose processors dominate advanced computing workflows
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. CEO Sanjay Mehrotra explained that the structural gap between DRAM supply and demand growth rates is resulting in ongoing supply tightness, requiring cleanroom additions to augment node-transition supply growth2
. The company emphasized that AI workloads require higher memory bandwidth and greater memory capacity, driving unprecedented demand for both DRAM and NAND products. Roughly 75% of Micron's expected output in 2027 is already committed, and customers are already negotiating allocations for 20282
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Source: Wccftech
Humanoid Robots Emerge as Major Growth Driver
Micron Technology projects that physical AI and humanoid robot manufacturing will become even bigger drivers of memory and storage demand than AI data centers. Sanjay Mehrotra stated that each humanoid robot would require at least 200GB of DRAM and several terabytes of storage, fueling further growth in the semiconductor sector
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. The CEO expects physical AI demand to accelerate significantly by the end of the decade, predicting a "sustained, substantial multi-decade memory demand cycle"3
. Morgan Stanley estimates the global humanoid robot market could reach 930 million units worth $5 trillion annually by 2050, with near-term projections ranging between 250,000 and 1.2 million units per year by 20303
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Source: TechSpot
Supply-Demand Mismatch Extends Through 2028
Micron Technology forecasts first-quarter revenue of $61.5 billion, plus or minus $1.5 billion, compared with analyst estimates of $57.02 billion
1
. Adjusted profit is expected at $38.15 per share in the first quarter, above estimates of $35.401
. Despite the industry planning to add DRAM cleanroom space at a record pace, Mehrotra stated the company does not have line of sight to when supply and demand will return to balance due to robust demand trends and new upside requests from customers2
. Current demand for memory chips is 50% higher than supply, keeping prices elevated across the cyclical memory industry3
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Strategic Customer Agreements Transform Business Model
Micron Technology has signed 26 strategic customer agreements to date, up from 16 last quarter, fundamentally changing its business model to provide greater revenue visibility
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. These agreements, originally designed to last through calendar 2030, are now being extended to 2031 as customers seek to secure supply beyond the initial timeframe. The goal of these strategic customer agreements is to move away from memory's boom-bust characterization and create a cycle that stays higher for longer with more defined pricing bands. To meet these commitments, Micron is increasing capital expenditures to build new fabs, including a $250 billion investment in two new campuses—the largest breaking ground in Clay, New York, in January, while the first new fab in Boise, Idaho, is scheduled to come online next year4
.Agentic AI Drives Analyst Optimism
Baird reiterated its outperform rating on Micron Technology and raised its stock price target to $1,520 from $1,280, signaling upside of 40% from recent levels
5
. Analyst Tristan Gerra cited the recent surge in agentic AI demand, notably driving CPU demand expected to continue next year, a deceleration in DRAM supply bit growth outlook industrywide for 2027, and a higher margin profile expected for high-bandwidth memory next year5
. Of 49 analysts covering Micron, 46 rate the stock a buy or strong buy, with the average price target implying upside of 34%5
. The global memory shortage has propelled DRAM prices to unprecedented levels, helping memory manufacturers earn record profits while creating challenges for consumers facing higher prices for electronics.References
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