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Update
What changedBloomberg reports that Micron expects about $61.5bn in revenue for its fiscal first quarter, which runs through November. Analysts’ average estimate was $56.8bn, leaving the forecast nearly $4.7bn higher.
Micron also forecast adjusted profit of about $38.15 a share, compared with analysts’ estimate of $36.02, according to Bloomberg. These are forecasts, not results already booked.
The figures put a sharper measure on the AI-driven memory demand behind the earlier report. Micron’s forecast clears the sales estimate by about 8%, a sizeable gap for a quarter that has yet to finish.
Sources and evidence- Micron Forecast Tops Estimates on Booming AI Memory Demand: Bloomberg reports that Micron forecast fiscal first-quarter revenue of about $61.5bn and adjusted profit of about $38.15 per share, both above analyst estimates.
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