Investing.com — Micron Technology (NASDAQ:MU) stock rose 5.6% in pre-market trading Monday after the memory chipmaker raised its fourth quarter fiscal 2025 guidance, citing improved pricing and strong execution.
The Boise, Idaho-based company updated its fourth quarter revenue forecast to $11.1 to $11.3 billion (midpoint $11.2 billion), up from its previous guidance of $10.4 to $11.0 billion (midpoint $10.7 billion). The revised outlook exceeds analysts’ consensus estimate of $10.74 billion.
Micron also raised its non-GAAP gross margin guidance to 44.0% to 45.0% (midpoint 44.5%), compared to its earlier projection of 41.0% to 43.0% (midpoint 42.0%). Additionally, the company increased its non-GAAP earnings per share forecast to $2.78 to $2.92 (midpoint $2.85), up from the previous range of $2.35 to $2.65 (midpoint $2.50) and above the consensus estimate of $2.52.
The company attributed the improved outlook to better pricing conditions, particularly in DRAM products, and strong execution across its operations.
Micron Executive Vice President and Chief Business Officer, Sumit Sadana, will provide further details during a fireside chat at the 2025 Keybanc Technology Conference in Park City (NYSE:TRAK), Utah later today.
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