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2w ago

Micron Tops Estimates and Raises Outlook on AI Memory Demand

Management cited surging high‑bandwidth memory needs that are lifting profit margins above 50% in the current quarter.

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Overview

  • Fiscal Q4 results beat forecasts with adjusted EPS of $3.03 and revenue of $11.32 billion, up 46% year over year.
  • Guidance for fiscal Q1 calls for about $12.5 billion in revenue plus or minus $300 million and a 51.5% adjusted gross margin.
  • HBM revenue nearly doubled quarter over quarter to about $2 billion as Micron expanded to six HBM customers and supplies memory for some Nvidia chips.
  • Next‑gen HBM4 is now sampling, with shipments slated to begin in the second quarter of 2026 and volume ramping in the second half; Micron is partnering with TSMC on the base logic die.
  • Shares rose in after‑hours trading on the beat and bullish guide, then slipped the next day as investors took profits, even as multiple analysts lifted price targets.