Micron Raises Q4 Revenue Outlook on AI, DRAM Demand

Micron Technology has raised its fiscal fourth-quarter revenue and earnings forecasts, citing improved pricing and strong demand for its memory chips, particularly in the DRAM category. The company now expects revenue of approximately $11.2 billion, up from its prior forecast of $10.7 billion. Adjusted earnings per share are projected at $2.85, higher than the previous estimate of $2.50. The boost in guidance is attributed to surging demand for high-bandwidth memory chips used in artificial intelligence infrastructure, as major tech firms increase investments in AI data centers. This strong execution and favorable pricing trends have driven the positive outlook and contributed to a 5% rise in Micron's shares pre-market. Overall, Micron's updated guidance reflects robust market conditions for memory products amid growing AI-related demand.