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Micron Forecasts Quarterly Revenue Above Estimates
The chipmaker said AI memory orders are outpacing capacity as it plans $250 billion in new manufacturing campuses.
- On Wednesday, Micron Technology reported better-than-expected quarterly results, forecasting first-quarter revenue of about $61.5 billion. CEO Sanjay Mehrotra signaled the AI-driven memory chip boom continues powering growth.
- Soaring demand for AI infrastructure from Nvidia and AMD has driven Micron's stock up more than 500% in the past year. Micron remains the only US-based HBM maker amid a worldwide supply crunch.
- Fourth-Quarter revenue quadrupled to $54.23 billion, as net income climbed to $37.7 billion. Although Micron holds the smallest HBM market share compared to Hynix and Samsung, market cap topped $1.2 trillion.
- To meet surging demand, Micron is investing $250 billion to build two HBM campuses. The company broke ground in Clay, New York, in January, with its first Boise, Idaho fab scheduled to come online next year.
- Mehrotra participated in an AI regulation summit with President Donald Trump on Tuesday, days after attending a White House dinner with Chinese President Jinping. These engagements underscore semiconductors' strategic importance.
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Thanks to the ongoing AI boom, the US semiconductor manufacturer is five-fold increasing its sales. Profit is also well above market expectations.
·Düsseldorf, Germany
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Micron Technology (NASDAQ:MU) Releases Q1 2027 Earnings Guidance
Micron Technology (NASDAQ:MU) updated its first quarter 2027 earnings guidance. The company provided EPS guidance of 37.150-39.150 for the period, compared to the consensus estimate of 35.360. The company also issued revenue guidance of $60.0 billion-$63.0 billion, compared to the consensus estimate of $57.2 billion.
·Sioux Falls, United States
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Coverage Details
Total News Sources21
Leaning Left1Leaning Right3Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
11%
C 56%
R 33%
Factuality
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