Micron Guides Q4 Revenue to ~$50B, 86% GM; Citi Cuts Target, Fab Delayed to 2030
MU has more than doubled off its 52-week low of $110.79.
Summary
Micron reported Q3 revenue of $41.46B and guided Q4 to ~$50B with 86% gross margin — massive numbers that still disappointed relative to sky-high AI expectations. Citi cut its target while keeping a Buy, flagging slowing DRAM/NAND prices and margin compression next year as Chinese capacity expands. Separately, the $100B New York fab startup has been pushed to 2030, delaying a key supply catalyst. This follows a string of bullish headlines in May–June that drove the stock to a $1T market cap; the guidance and analyst reset suggest the narrative is shifting from pure momentum to execution risk.
At the time of this announcement, MU was trading at $880.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $991.1B. The 52-week trading range was $110.79 to $1,255.00. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.