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BOISE, Idaho - Micron Technology, Inc. (NASDAQ:MU), a prominent player in the semiconductor industry with trailing twelve-month revenue of $33.81 billion, has raised its fourth quarter fiscal 2025 financial guidance, citing improved pricing particularly in DRAM products and strong execution, according to a press release statement issued Monday. According to InvestingPro data, the company appears undervalued based on its Fair Value analysis, with 22 analysts recently revising their earnings estimates upward.
The memory chip manufacturer now expects revenue of $11.2 billion, plus or minus $100 million, up from its previous forecast of $10.7 billion, plus or minus $300 million, for the quarter ending August 28, 2025.
Micron also increased its non-GAAP gross margin guidance to 44.5%, plus or minus 0.5%, from the earlier projection of 42.0%, plus or minus 1.0%. The company raised its non-GAAP earnings per share forecast to $2.85, plus or minus $0.07, compared to the previous estimate of $2.50, plus or minus $0.15.
The updated outlook represents a significant improvement over initial projections provided earlier this quarter, reflecting stronger market conditions for the company’s memory products.
Micron Executive Vice President and Chief Business Officer Sumit Sadana is scheduled to provide additional details during a fireside chat at the 2025 Keybanc Technology Conference in Park City, Utah, taking place Monday.
The company maintained its operating expenses guidance with only minor adjustments, now projecting non-GAAP operating expenses of $1.22 billion, plus or minus $15 million.
Micron is a major supplier of memory and storage solutions, including DRAM, NAND, and NOR memory products, serving data center, artificial intelligence, and mobile markets through its Micron and Crucial brands.
In other recent news, Micron Technology has unveiled three new data center solid-state drives (SSDs) built with its G9 NAND technology, including what it claims is the world’s first PCIe Gen6 NVMe SSD. This new product lineup includes the 9650 SSD, which reportedly delivers 28 GB/s sequential read speeds, doubling the performance of competitive drives. Additionally, Micron introduced a 256-gigabit radiation-tolerant NAND flash memory product designed for space applications, which it states is the highest-density radiation-tolerant SLC NAND currently available. Meanwhile, Bernstein SocGen Group has reiterated its outperform rating on Micron, citing better-than-expected performance in high-bandwidth memory (HBM), with revenue growing nearly 50% quarter-over-quarter to over $1.5 billion. CFRA has also raised its price target for Micron to $155 from $117, maintaining a Buy rating and highlighting the company’s growing HBM exposure as a key growth driver. In related developments, SK Hynix has forecasted a 30% annual growth in the AI memory chip market until 2030, showing confidence in the sector despite concerns over rising prices. These developments underscore the ongoing advancements and strategic positioning of companies within the memory chip industry.
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