Breaking

Micron Projects About $50B in Q4 Revenue, Topping Estimates

June 24, 2026 at 16:11 EDT

Infra & Chips
Finance

Micron Technology, the largest US memory chipmaker, on June 24, 2026, projected fiscal fourth-quarter revenue (ending in August) of about $50 billion, exceeding the Wall Street average estimate of $43.2 billion. AI-fueled shortages of memory chips and surging prices are lifting results.

Memory Chips · Micron Technology

AI Memory Crunch Lifts Micron's Outlook Past Wall Street

The largest US maker of computer memory issued a sales forecast that beat analyst estimates — as the AI boom drains supply of high-speed memory and drives prices higher.

Largest US maker of computer memory chips

Beat

Sales outlook topped Wall Street estimates

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DRAM prices rising on AI-driven shortage

The Squeeze

Demand outruns supply for high-speed memory

AI training

AI inference

Data centers

Surging demand

DRAM output

Supply struggles to keep pace

Tighter balance → rising memory prices → a tailwind for Micron's memory-centered earnings.

The Read

A better-than-expected outlook signals that strong AI-related demand is feeding directly into the company's results.

The Caution

Memory has long been highly cyclical — earnings swing as supply and demand shift. Durability of AI demand and the pace of capacity expansion are key.

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