Micron forecasts quarterly revenue above estimates

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Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST June 24 : Micron Technology forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that insatiable demand for AI-related infrastructure will continue to drive strong demand for its memory chips.

Shares of the company rose around 4 per cent in extended trading. The company expects fourth-quarter revenue of $50 billion, plus or minus $1 billion, compared with analysts' average estimate of $43.58 billion, according to data compiled by LSEG.

The results and forecast show how the explosive growth of generative AI has turned products such as high-bandwidth memory (HBM) into critical components for large scale data centers, which has sent prices soaring.Micron, a key supplier for Nvidia's AI processors, has benefited as AI chip and server makers rush to secure limited supply.It reported third quarter revenue of $41.

46 billion, flying past estimates of $35.85 billion. Source: Reuters Newsletter Week in Review Subscribe to our Chief Editor’s Week in Review Our chief editor shares analysis and picks of the week's biggest news every Saturday.

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Click here to return to FAST Tap here to return to FAST FAST Advertisement Business Micron forecasts quarterly revenue above estimates Micron logo is seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration 25 Jun 2026 04:06AM Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST.

Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST June 24 : Micron Technology forecast quarterly revenue above Wall Street estimates on Wednesday, signaling that insatiable demand for AI-related infrastructure will continue to drive strong demand for its memory chips.

Shares of the company rose around 4 per cent in exten