{
  "id": 11019107,
  "title": "Micron forecasts quarterly revenue above estimates",
  "url": "https://urgent.news/2026/09/30/micron-forecasts-quarterly-revenue-above-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T20:08:18.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/micron-forecasts-quarterly-revenue-above-estimates-6422616"
  },
  "original_language": "en",
  "account": "On September 30, Micron Technology announced it forecasted quarterly revenue above estimates, anticipating the AI-driven memory chip boom to continue fueling its growth. The surge in generative AI has made high-bandwidth memory crucial for data centers, benefiting companies like Micron, a vital supplier to Nvidia, whose expensive processors lead advanced computing tasks.\n\nMicron expects first-quarter revenue to reach $61.5 billion, a range between $59.5 billion and $62.5 billion, compared to analysts' average estimate of $57.02 billion, according to LSEG's data. Adjusted profit is projected at $38.15 per share in the first quarter, surpassing estimates of $35.40. As the sole prominent US-based HBM chipmaker, Micron has witnessed demand far exceeding its capacity, with the AI memory boom tightening regular chip supplies and raising prices throughout the semiconductor industry.\n\nQuarterly revenue more than quadrupled to $54.23 billion, surpassing expectations of $51.07 billion. Adjusted profit reached $33.42 per share, exceeding estimates of $31.61.",
  "summary": null,
  "key_points": [
    "Micron forecasts $61.5B quarterly revenue, above $57B estimate",
    "Adjusted profit projected at $38.15/share, surpassing $35.40 estimate",
    "AI-driven memory demand fuels growth, tightening chip supplies"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "Micron reports Q4 revenue up 379% YoY to $54.23B, vs. $51.07B est., net income up 1,078% to $37.7B, and forecasts Q1 revenue above estimates (CNBC)",
        "url": "https://urgent.news/2026/09/30/micron-reports-q4-revenue-up-379-yoy-to-54-23b-vs-51-07b-est-net",
        "published": "2026-09-30T21:00:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}