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Micron Sales Forecast Tops Estimates on Insatiable Memory Demand

Micron Sales Forecast Tops Estimates on Insatiable Memory Demand
Bloomberg Technology Wednesday 24 June 2026, 20:05 UTC By Dina Bass 1 min read
Key Points

Micron Sales Forecast Tops Estimates on Insatiable Memory Demand Micron Technology Inc., the largest US maker of computer memory chips, delivered a sales forecast that topped Wall Street estimates after AI-fueled shortages of the components sent prices soaring. Revenue will be approximately $50 billion in the fiscal fourth quarter, which runs through August, the company said in a statement Wednesday. Analysts estimated $43.2 billion on average.

Micron Sales Forecast Tops Estimates on Insatiable Memory Demand Micron Technology Inc., the largest US maker of computer memory chips, delivered a sales forecast that topped Wall Street estimates after AI-fueled shortages of the components sent prices soaring. Revenue will be approximately $50 billion in the fiscal fourth quarter, which runs through August, the company said in a statement Wednesday. Analysts estimated $43.2 billion on average. Excluding some items, profit will be about $31 a share, compared with a projection of $25.31.
Micron Sales (ORG) Insatiable Memory Demand Micron Sales (ORG) Insatiable Memory Demand Micron Technology Inc. (ORG) US (LOCATION) AI (ORG)
Originally published by Bloomberg Technology Read original →

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