Micron's Strong Forecast Driven by AI-Related Memory Chip Demand
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Micron Gives Strong Forecast, Lifted by AI Computing Demand
Micron Technology Inc., the largest US maker of computer memory chips, gave an upbeat forecast for the current quarter, helped by demand for artificial intelligence equipment. Fiscal fourth-quarter revenue will be roughly $10.7 billion, the company said in a statement Wednesday. That was well ahead
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Micron forecasts quarterly revenue above estimates on AI-driven memory chip demand
June 25 (Reuters) - Micron Technology (MU.O), opens new tab forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on robust demand for its memory chips used for artificial intelligence hardware in data centers. Shares of the memory chipmaker rose 6.7% in extended
[3]
Micron shares rise on bets of strong demand for AI-related memory chips
June 26 (Reuters) - Micron Technology (MU.O), opens new tab shares rose 2% in premarket trading on Thursday, after a robust forecast from the chipmaker for fourth-quarter revenue on booming demand for its memory chips that power AI data centers. The company saw a nearly 50% jump in sales of
[4]
Micron delivered an earnings and revenue beat. Here's how Wall Street reacted
Micron Technology easily cleared earnings expectations, signaling the chipmaker's momentum is unlikely to stop anytime soon. In fiscal third quarter, the semiconductor manufacturer earned an adjusted $1.91 per share on $9.3 billion in revenue. That exceeded the $1.60 cents per share and revenue of
[5]
This chip stock that's been hotter than Nvidia is set to report earnings. Here's what analysts expect
Micron Technology is scheduled to post its fiscal third-quarter earnings Wednesday after the bell, and some analysts are taking a rather optimistic view. The semiconductor manufacturing company is expected to earn $1.60 per share on $8.872 billion in revenue, according to analysts surveyed by LSEG.
[6]
Micron reports earnings, revenue beat and issues strong forecast
Micron shares rose in extended trading on Wednesday after the chipmaker reported better-than-expected earnings and revenue and issued a forecast that also topped analysts' estimates. Here's how the company did in comparison with the LSEG consensus: Micron said revenue in the current period, its
[7]
Micron stock jumps after Q3 beat and upbeat AI memory forecast
After Wednesday's bell, Micron Technology delivered record Q3 revenue and issued a bullish forecast for the current quarter, sending its shares higher in after-hours trading. Ahead of Thursday's bell, shares are up 2% -- and that's on top of the 50%+ they've already gained year to date. The
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Micron generates massive profits as AI fuels demand for high-bandwidth memory
Micron generates massive profits as AI fuels demand for high-bandwidth memory Micron Technology Inc. delivered solid profits today thanks to rampant demand for artificial intelligence chips that drove record quarterly revenue, but it wasn't enough to move the needle in its stock price, which
[9]
Micron Stock Rises on Record Revenue, Upbeat Outlook on Growing AI Demand
Earlier this month, Micron said it would spend $200 billion to increase its U.S. semiconductor production and research and development. Micron Technology (MU) shares advanced in premarket trading Thursday, a day after the memory chip manufacturer reported better-than-expected fiscal third-quarter
[10]
Micron forecasts revenue above estimates on AI-driven memory chip demand
The memory chip maker reported a nearly 50% jump in third-quarter sales of its HBM chips from the previous three months, and said it will continue to invest in the chips. Micron Technology forecast fourth-quarter revenue above Wall Street estimates on Wednesday on robust demand for its
[11]
Micron CEO Cautions AI Boom May Not Be Fully Sustainable, Flags Tariff-Driven Demand Pull-In - Micron Technology (NASDAQ:MU)
During Micron Technology Inc.'s MU third quarter results, the company's CEO, Sanjay Mehrotra, warned investors that not all of the AI-fueled demand surge may be sustainable. What Happened: On Wednesday, during the company's third quarter earnings call, while highlighting its soaring data center
[12]
What's Going On With Micron Stock Thursday? - Micron Technology (NASDAQ:MU)
Micron Technology Inc MU shares are in the spotlight Thursday following the company's fiscal third-quarter results. Multiple analysts boosted price targets following the print. What Happened: Micron beat analyst estimates on the top and bottom lines in the third quarter, posting revenue of $9.3
[13]
Weak PC, Phone Demand Keep Micron Grounded Despite Stellar Earnings - Micron Technology (NASDAQ:MU)
Muted PC and phone demand continues to weigh on memory chip pricing, prompting Bank of America Securities to maintain a Neutral rating on Micron Technology MU, even as the company posts blowout earnings and bullish guidance. Analyst Vivek Arya maintained Micron Technology with a Neutral and raised
[14]
Micron's $200 Billion US Chip Investment Plan Gets Backing From Trump Admin As AI Demand Soars - Micron Technology (NASDAQ:MU)
Memory chipmaker Micron Technology Inc. MU announced on Wednesday it will invest approximately $200 billion in U.S. manufacturing and research over the next 20-plus years, marking one of the largest domestic semiconductor investments in American history. What Happened: The Boise-based company said
[15]
Micron Impresses Wall Street With Strong Q3 Earnings, 'Continued Strength In AI Data Center' - Micron Technology (NASDAQ:MU)
Micron Technology Inc MU shares fell Thursday in early trading, despite the company on Wednesday reporting upbeat fiscal third-quarter earnings. The announcement came amid an exciting earnings season. Here are some key analyst takeaways. KeyBanc Capital Markets On Micron Technology Analyst John
[16]
Micron Earnings: Rocketing AI Demand
The third quarter of fiscal 2025 was a bonanza for memory chip manufacturer Micron. Revenue rose 37% year over year, and adjusted EPS more than tripled, thanks largely to soaring demand for data center memory chips. Revenue from high-bandwidth memory, which is used in AI accelerators, grew by 50%
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Micron Reports Record Q3 Revenue Growth
Record-setting data center revenues, aggressive HBM memory scaling, and a $200 billion domestic investment plan featured prominently; management forecasts Q4 revenue (non-GAAP) at $10.7 billion with a 42% gross margin midpoint, underpinned by ongoing AI-driven demand. HBM Outperformance Transforms
[18]
These 2 Artificial Intelligence (AI) Stocks Are Undervalued Right Now | The Motley Fool
Less than three months after the stock market plunged on President Donald Trump's "Liberation Day" tariffs announcement, major indexes are back near all-time highs. Investors have shrugged off concerns around tariffs and a potential economic slowdown as businesses adjusted to the new trade regime
[19]
This Dark-Horse AI Stock Has Doubled Since April, and It Still Looks Like a Buy | The Motley Fool
By now, investors are well aware of the big winners in artificial intelligence (AI): stocks like Nvidia and Palantir that have already delivered huge returns for early investors. However, there are plenty of winners in AI, and some of them have been more overlooked than others. One stock that
[20]
1 Super Semiconductor Stock (Besides Nvidia or AMD) to Buy Hand Over Fist | The Motley Fool
When it comes to artificial intelligence (AI) chips, most investors typically think about the graphics processing units (GPUs) designed by Nvidia (NVDA 0.35%) and Advanced Micro Devices (AMD -1.22%). GPU sales have soared for both companies over the last couple of years, and in Nvidia's case, they
[21]
Why Micron Technology Rallied 30.5% in June | The Motley Fool
Micron reported earnings late in the month that handily outpaced analyst expectations. Even though the stock fell in the aftermath, there had already been a huge run-up into the earnings report, reflecting a pre-earnings surge in memory pricing. In its fiscal third quarter, Micron saw revenue grow
[22]
Micron: Deeply Mispriced (NASDAQ:MU)
Despite sector cyclicality risks, I see continued upside as Micron capitalizes on AI spending and FCF margin expansion with new memory solutions (HBM4). Micron (NASDAQ:MU) reported strong results for its third fiscal quarter that exceeded top and bottom line Wall Street estimates amid a continual
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Micron shares rise on bets of strong demand for AI-related memory chips
The company saw a nearly 50 per cent jump in sales of high-bandwidth memory (HBM) chips for the third quarter compared to the previous three months. Micron is one of the providers of HBM chips besides South Korea's SK Hynix and Samsung. "AI servers are giving Micron an over-caffeinated growth
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Micron shares rise on bets of strong demand for AI-related memory chips
(Reuters) -Micron Technology shares rose 2% in premarket trading on Thursday, after a robust forecast from the chipmaker for fourth-quarter revenue on booming demand for its memory chips that power AI data centers. The company saw a nearly 50% jump in sales of high-bandwidth memory (HBM) chips for
[25]
Micron forecasts revenue above estimates on AI-driven memory chip demand
(Reuters) -Micron Technology forecast fourth-quarter revenue above Wall Street estimates on Wednesday, betting on robust demand for its memory chips used for artificial intelligence hardware in data centers. Shares of the memory chipmaker rose 4.3% in extended trading. Micron said third-quarter
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Micron Technology reports robust quarterly results and provides an optimistic forecast, largely due to increased demand for AI-related memory chips, particularly in data centers.
Micron's Impressive Quarterly Performance
Micron Technology, the largest US maker of computer memory chips, has reported strong fiscal third-quarter results and provided an optimistic forecast for the current quarter. The company's performance has been largely driven by the increasing demand for artificial intelligence (AI) equipment, particularly in data centers
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Source: Benzinga
AI-Driven Demand Boosts Revenue
For the fiscal fourth quarter, Micron forecasts revenue of approximately $10.7 billion, significantly surpassing the average analyst estimate of $9.89 billion
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. This robust outlook is primarily attributed to the growing demand for components like high-bandwidth memory (HBM) chips, which are crucial for machines developing and running AI tools.High-Bandwidth Memory (HBM) Chips Lead Growth
Source: Motley Fool
Micron reported a nearly 50% jump in sales of HBM chips for the third quarter compared to the previous three months
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. The company is positioning itself as a key player in the AI memory market, with its HBM chips being used in some of the most advanced AI systems, including data centers.Earnings and Revenue Beat Expectations
In the fiscal third quarter, Micron earned an adjusted $1.91 per share on $9.3 billion in revenue, exceeding analysts' expectations of $1.60 per share and $8.87 billion in revenue
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. This performance has led to a surge in Micron's stock price, with shares rising 6.7% in extended trading following the announcement.Market Position and Future Outlook
Micron's strong performance in the HBM market has positioned it favorably to capitalize on the rising AI demand. The company expects continued growth from this market as AI software becomes more complex, requiring larger amounts of memory
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Wall Street Reactions
Following the earnings report, several analysts raised their price targets for Micron stock. JPMorgan, for instance, raised its target to $165 from $135, citing a favorable fundamental setup in the near term
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. However, some analysts maintain a neutral stance, citing uncertainties in NAND pricing and potential headwinds from startup costs.
Source: Benzinga
Industry Impact and Competition
Micron's performance is indicative of broader trends in the AI chip market. The company's success in HBM chips reflects the growing demand from AI chip leaders like Nvidia and Advanced Micro Devices (AMD), both of which are Micron customers
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. This surge in demand is also benefiting other players in the semiconductor industry, with shares of AMD, Nvidia, and Marvell Technology also seeing gains.As AI continues to drive growth in the semiconductor industry, Micron's strong position in the HBM market and its ability to meet the increasing demand for AI-related memory chips suggest a promising outlook for the company in the coming quarters.
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