Micron Technology(US:MU) 美股IPO·2025-08-11 14:30Core Viewpoint - Micron Technology significantly raised its Q4 FY2025 performance guidance, indicating a positive outlook driven by improved DRAM pricing conditions [1][2][4]. Group 1: Financial Performance Expectations - Revenue guidance for Q4 FY2025 has been adjusted to between $11.1 billion and $11.3 billion, up from previous estimates [1][2]. - Gross margin guidance has been increased to 44% to 45%, compared to the earlier forecast of 41% to 43% [1][2]. - Adjusted earnings per share for Q4 are projected to be between $2.78 and $2.92 [3][5]. Group 2: Market Conditions and Industry Implications - The improvement in DRAM pricing conditions reflects a healthier supply-demand balance in the memory market, which is beneficial for industry participants [3][4]. - The current positive pricing environment may indicate the beginning of a favorable pricing cycle for the historically cyclical memory chip market [4]. - Micron's management attributes the performance upgrade to both favorable industry conditions and the company's operational strengths [4].