Archive · 26 Jun 2025
Micron's Upbeat Forecast Boosted by AI Computing Demand
Micron, a big company that makes computer chips, announced good news about how much money they're making.
They're doing well because of the increasing demand for artificial intelligence (AI) equipment that needs special memory chips called HBM.
Even though they announced great results, the stock didn't jump up as much as some people thought it would.
Micron expects to make around $10.7 billion in the next quarter.
They made $9.3 billion in the last quarter, which is a lot more than before!
The company is also looking to make and sell more memory for things like electric cars and gaming.
Micron Technology's stock initially rose following an earnings report but later pared gains.
The company's fiscal fourth-quarter revenue is projected to be approximately $10.7 billion.
Micron's fiscal third-quarter sales increased by 37% to $9.3 billion.
High-bandwidth memory (HBM) is a key component for artificial intelligence computing and a focus for Micron.
Micron's stock has gained 51% this year, driven by growth prospects in the chip industry.
- Who
- Micron Technology Inc., a chipmaker company.
- What
- Micron Technology gave an upbeat forecast for the current quarter, driven by the demand for artificial intelligence equipment.
- When
- The forecast was made after the company's fiscal third-quarter results, which ended May 29.
- Where
- Boise, Idaho-based Micron.
- Why
- Driven by demand for AI equipment and high-bandwidth memory.
Analysts
Investors
Growth Expectations
Analysts
Some analysts were looking for runaway growth.
Investors
The sales gains roughly parallel prior expectations.
- Fiscal Q4 Revenue (Projected)
- $10.7 billion
- Fiscal Q3 Sales
- $9.3 billion
- Fiscal Q3 Earnings per share (excluding items)
- $1.91
- Fiscal Q4 Earnings per share (Projected, excluding items)
- $2.50
- Stock Gain This Year
- 51%