Core Viewpoint - Micron Technology is experiencing significant growth driven by high demand for its chips in data centers, smartphones, and personal computers, leading to a 46% stock gain in 2023 [1] Financial Performance - In fiscal Q3, Micron's revenue increased by 37% year over year to $9.3 billion, with adjusted earnings more than tripling to $1.91 per share, surpassing Wall Street expectations [4] - The company has guided for $10.7 billion in revenue for fiscal Q4, representing a 38% increase compared to the previous year, and expects earnings of $2.50 per share, more than double the $1.18 per share from the same period last year [9] Market Drivers - The growth in Micron's data center revenue more than doubled year-over-year, driven by demand for high-bandwidth memory (HBM) chips integrated with AI accelerators from companies like Nvidia and AMD [5] - The average price of dynamic random access memory (DRAM) chips increased by 3% to 8% in Q2 due to strong HBM demand and improved sales of mobile and consumer-oriented DRAM chips [10] Product Development - Micron is focused on enhancing its HBM chips, with next-generation HBM4 chips expected to deliver 60% more performance while reducing power consumption by 20%, with volume production anticipated to start in 2026 [6][7] - The HBM market is projected to grow significantly, with estimates suggesting it could generate annual revenue of $130 billion by 2030, up from $4 billion in 2023 [7] Future Outlook - The adoption of AI-enabled PCs and smartphones is expected to contribute to Micron's growth in the upcoming quarters, indicating strong catalysts for continued performance [11] - Analysts predict a 54% increase in Micron's earnings for the next fiscal year to $12.05 per share, which could lead to a stock price of $265 if the current earnings multiple is maintained [14]

Muted PC and phone demand continues to weigh on memory chip pricing, prompting Bank of America Securities to maintain a Neutral rating on Micron Technology MU, even as the company posts blowout earnings and bullish guidance.Analyst Vivek Arya maintained Micron Technology with a Neutral and raised the price target from $84 to $140 on Thursday.Micron reported third-quarter revenue of $9.3 billion, up roughly 16%, topping the consensus estimate of $8.87 billion. The company reported third-quarter adjusted earn ...

Key Takeaways Lam Research's (LRCX) memory segment, accounting for both Dynamic Random Access Memory (DRAM) and Non-Volatile Memory (NVM) divisions, is gaining traction among its customers. In the third quarter of fiscal 2025, the company's memory segment revenues jumped nearly 24% year over year to $1.31 billion. In its NVM division, LRCX is experiencing strong demand driven by technology conversions as its customers transition from low-layer to 256-layer class NAND devices. NAND revenues are further drive ...

Micron Technology (MU -0.77%) is having a woeful April as shares of the memory specialist have dropped 20% so far this month, and the tariff-fueled turmoil has a lot to do with the stock's recent pullback. Reports suggest that Micron could increase the prices of its memory products amid the ongoing tariff war. That's because Micron has a global manufacturing footprint, including factories in the U.S., Japan, Taiwan, and China.However, semiconductors have been exempted from tariffs by both the U.S. and China ...