Micron Shares Rise on Strong Revenue Forecast
Originally published Jun 25, 2026
AI-generated summary based on Bloomberg — Technology · Aggregated by OffScreenSpace · Human-reviewed and approved on Jun 25, 2026
Key points
- Micron Technology Inc. reported a revenue forecast that exceeded Wall Street estimates.
- The company expects $50 billion in revenue for the fiscal fourth quarter, ending in August.
- The strong forecast reflects ongoing demand for memory chips fueled by AI growth.
- Micron is the largest U.S. manufacturer of computer memory chips.
Micron Technology Inc. saw its shares surge in late trading after announcing a stronger-than-expected quarterly sales forecast. The company projected revenue of approximately $50 billion for the fiscal fourth quarter, which ends in August. This forecast indicates continued momentum driven by demand for memory chips used in AI applications. As the largest U.S. producer of computer memory chips, Micron's performance is closely watched by investors and industry analysts.
Read the original story: Bloomberg — Technology