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Micron Forecast Tops Estimates on Booming AI Memory Demand

Bloomberg Technology Wednesday 30 September 2026, 20:56 UTC 1 min read
Key Points

Micron Technology Inc., the largest US maker of memory chips, gave a sales forecast for the current quarter that shattered estimates after the AI building frenzy fueled unprecedented demand. Revenue will be about $61.5 billion in the fiscal first quarter, which runs through November, the company said in a statement Wednesday. Analysts estimated $56.8 billion on average.

Micron Technology Inc., the largest US maker of memory chips, gave a sales forecast for the current quarter that shattered estimates after the AI building frenzy fueled unprecedented demand. Revenue will be about $61.5 billion in the fiscal first quarter, which runs through November, the company said in a statement Wednesday. Analysts estimated $56.8 billion on average. Excluding some items, profit will be about $38.15 a share, compared with a projection of $36.02. We get reaction from Jake Silverman, Bloomberg Intelligence Semiconductor Analyst. (Source: Bloomberg)
Micron Forecast Tops (ORG) Booming AI Memory Demand Micron Technology Inc. (ORG) US (LOCATION) AI (ORG) Jake Silverman (PERSON) Bloomberg Intelligence Semiconductor (ORG) Bloomberg (PERSON)
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