Micron Forecasts $50B Q4 Revenue and $31 EPS, Secures 16 Deals
MU•Micron forecasts fiscal Q4 revenue of about $50 billion, topping analysts’ $43.2 billion estimate, and expects adjusted profit near $31 per share versus $25.31 projected. The company secured 16 customer agreements and reported Q3 sales of $41.5 billion with 84.9% gross margin, signaling sustained AI memory demand through 2027.
1. Q4 Forecast Exceeds Expectations
Micron forecasted fiscal fourth-quarter revenue of approximately $50 billion, well above analysts’ $43.2 billion consensus, and projected adjusted earnings of about $31 per share versus the $25.31 estimate. This guidance jump reflects robust AI-driven demand for both conventional and high-bandwidth memory.
2. Q3 Performance and Margins
For the quarter ended May 28, Micron reported sales of $41.5 billion, surpassing the $35.7 billion estimate, and delivered earnings of $25.11 per share against forecasts of $20.49. Adjusted gross margin soared to 84.9%, above the 81.9% expectation, highlighting operational leverage amid strong demand.
3. Strategic Agreements and Supply Outlook
The company secured 16 multiyear customer agreements, designed to smooth boom-bust cycles and support pricing through at least 2027. CEO Sanjay Mehrotra cautioned that memory supply tightness will likely persist beyond 2027, with gradual easing into 2028, while HBM4 modules will be used in Nvidia’s upcoming Vera Rubin platform.
