Micron Technology (NASDAQ:MU) saw its stock jump 5.6% in pre-market trading Monday after the memory chipmaker raised its fiscal fourth-quarter 2025 outlook, pointing to stronger pricing and solid operational performance.
The Idaho-based company now expects quarterly revenue between $11.1 billion and $11.3 billion, with a midpoint of $11.2 billion. That’s up from its prior range of $10.4 billion to $11.0 billion (midpoint $10.7 billion) and ahead of Wall Street’s $10.74 billion consensus.
Micron also boosted its non-GAAP gross margin forecast to 44.0%–45.0% (midpoint 44.5%), compared to the earlier 41.0%–43.0% range (midpoint 42.0%). In addition, it lifted its non-GAAP earnings per share guidance to $2.78–$2.92 (midpoint $2.85), from the previous $2.35–$2.65 (midpoint $2.50) — again surpassing analysts’ $2.52 average estimate.
The company credited the upbeat guidance to stronger market conditions for DRAM products and continued operational efficiency.
Executive Vice President and Chief Business Officer Sumit Sadana is expected to elaborate on the improved outlook during a fireside chat at the 2025 KeyBanc Technology Conference in Park City, Utah, later today.
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