Micron Technology(US:MU) 智通财经网·2025-08-11 13:42Core Insights - Micron Technology (MU.US) raised its revenue and earnings guidance for Q4, primarily due to "price improvement" in key products [1] - The company expects sales for the three months ending August 28 to reach between $11.1 billion and $11.3 billion, significantly up from the previous forecast of $10.4 billion to $11 billion [1] - Adjusted earnings per share are projected to be between $2.78 and $2.92, higher than the prior guidance of $2.35 to $2.65 [1] - The adjusted gross margin is expected to be between 44% and 45%, exceeding the previous forecast of 41% to 43% [1] - The optimistic revision indicates that Micron has moved past the disappointing performance outlook from June [1] Market Dynamics - The upward guidance reflects improvements in DRAM product pricing and the company's operational excellence [1] - The recovery in DRAM prices, combined with strong demand for High Bandwidth Memory (HBM), is driving performance [1] - HBM, which is closely integrated with NVIDIA processors, is essential in AI computing and faces ongoing supply shortages due to its complex production processes [1] Stock Performance - As of last Friday's close, Micron's stock price has increased by 41% year-to-date, with a further pre-market rise of 5.2% on Monday [1] Analyst Commentary - Bloomberg analyst Jake Silverman noted that Micron's revenue forecast increase indicates strengthening momentum in the DRAM market [2] - He highlighted that strong demand for NVIDIA's Blackwell architecture and procurement of Blackwell Ultra have significantly improved the supply-demand balance for memory chips [2] - Micron's Chief Business Officer, Sumit Sadana, is set to disclose more business details at the 2025 Keybanc Technology Conference [2] - Micron has maintained its leading position among chip stocks this year, further solidifying its role as a core supplier in AI computing infrastructure [2]