Micron Guides Q4 Revenue Near $50B, Unveils $10B Idaho Lab and 512GB DDR5
MU has more than doubled off its 52-week low of $154.65.
Summary
Micron guided fiscal Q4 revenue near $50B with gross margin around 86%, roughly in line with Street revenue estimates of $50.4B but with a notably high margin. The company also announced a $10B investment in a new Idaho research lab, naming Deirdre Hanford as president to lead R&D and partnerships. Commercial operations at the Sanand assembly and testing plant have begun, with tens of millions of chips already processed and a major scale-up planned for next year. Additionally, Micron launched a 512GB DDR5 RDIMM using TSV 3D stacking, rated at 9,200 MT/s with 16W power, targeting mass production in 2027. These developments reinforce Micron's aggressive expansion in AI memory and advanced packaging, building on the record Q3 results and $22B in take-or-pay commitments reported in June.
At the time of this announcement, MU was trading at $934.09 on NASDAQ in the Technology sector, with a market capitalization of approximately $1T. The 52-week trading range was $154.65 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.