Micron's Quarterly Revenue Outlook Tops Wall Street Expectations as AI Buildout Drives Memory Chip Demand

Deep News

1 hour ago

Thanks to the AI infrastructure buildout pushing chip demand to unprecedented levels, Micron Technology, the largest memory chip maker in the United States, has issued a revenue outlook for the current quarter that exceeds market expectations.

The company said in a statement on Wednesday that revenue for the first fiscal quarter ending in November is expected to be approximately $61.5 billion. The average analyst estimate was $56.8 billion. Excluding certain items, earnings per share are projected to be about $38.15, above the $36.02 expected by analysts.

Following the earnings release, shares of Micron Technology (NASDAQ: MU) rose less than 1% in after-hours trading. So far this year, Micron Technology (NASDAQ: MU) has been the best-performing component of the Philadelphia Stock Exchange Semiconductor Index.

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The average analyst estimate was $56.8 billion. Excluding certain items, earnings per share are projected to be about $38.15, above the $36.02 expected by analysts.<br><br>Following the earnings release, shares of <b>Micron Technology</b> (<b>NASDAQ: MU</b>) rose less than 1% in after-hours trading. So far this year, <b>Micron Technology</b> (<b>NASDAQ: MU</b>) has been the best-performing component of the Philadelphia Stock Exchange Semiconductor Index.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1142618472","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142618472","pubTimestamp":1790801455,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Thanks to the AI infrastructure buildout pushing chip demand to unprecedented levels, Micron Technology, the largest memory chip maker in the United States, has issued a revenue outlook for the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"人工智能建设推动存储芯片需求，美光科技季度收入前景超出华尔街预期","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/80cb323289f36add7b9bb55736824486","symbols_score_info":{"SHOC":1,"PSI":1,"BOBP":1,"WUGI":1,"FDTX":1,"RULE":1,"MUYY":1,"AIFD":1,"EGGY":1,"XLK":1,"PTF":1,"CHPS":1,"SMU00main":1,"FXL":1,"JGRO":1,"IXN":1,"TTXU":1,"TRFK":1,"FAI":1,"SMH":1,"IETC":1,"USXF":1,"MUG":1,"AIS":1,"MUU":1,"AIQ":1,"BAI":1,"CHPX":1,"MU":1,"EMSF":1,"CGGO":1,"MUZ":1,"VGT":1,"WLDR":1,"MIC":1,"SOXQ":1,"FTEC":1,"EFIV":1,"LEGR":1,"SOXX":1,"MULL":1,"XNTK":1},"content_text":"Thanks to the AI infrastructure buildout pushing chip demand to unprecedented levels, Micron Technology, the largest memory chip maker in the United States, has issued a revenue outlook for the current quarter that exceeds market expectations.The company said in a statement on Wednesday that revenue for the first fiscal quarter ending in November is expected to be approximately $61.5 billion. 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