Micron Raises Q4 Revenue Forecast on Strong AI Chip Demand

Micron Technology has upwardly revised its fourth-quarter revenue forecast to $11.2 billion, a significant jump from its previous estimate of $10.7 billion. The adjustment reflects robust demand for AI-related memory chips, with a particular emphasis on high-bandwidth memory (HBM) and dynamic random access memory (DRAM). The company now anticipates adjusted gross margins of 44.5%, up from 42%, and earnings per share of $2.85, compared to the earlier $2.50 projection.

The surge in Micron's stock price—up approximately 3% in early trading—underscores investor confidence in the company's positioning within the AI boom. DRAM, critical for AI computing due to its rapid data processing capabilities, and HBM, which enables real-time handling of massive datasets, are driving this optimism. Chief Business Officer Sumit Sadana highlighted these trends at a recent industry conference, signaling Micron's strategic focus on next-generation AI infrastructure.