Micron expects fiscal Q1 revenue of $61.5B ±$1.5B as it raises fiscal 2027 CapEx plans amid tighter 2027-2028 supply-demand (NASDAQ:MU)

Asian stocks rose on Thursday, led by Japanese chipmakers after strong results from Micron Technology (MU). Micron forecasted Q1 revenue above estimates, driven by AI demand. The Nikkei 225 jumped 2.5%, with Advantest, Kioxia, and Tokyo Electron gaining. TSMC and Samsung also saw gains. U.S. inflation data eased Fed rate hike expectations, boosting markets. Australia's trade surplus narrowed, and its ASX 200 dropped 2%.

Micron Technology (MU) anticipates humanoid robots will significantly boost memory and storage demand by 2030. CEO Sanjay Mehrotra highlighted physical AI, like autonomous vehicles, as a key driver. The company plans $25B in capital expenditure for the first half of the year. Micron reported Q4 revenue of $54.23B, beating estimates, and forecasts Q1 revenue of $60B-$63B. Shares rose 0.37% in extended trading.

Micron reported $54.2B in Q4 revenue, exceeding estimates by $3B. DRAM revenue surged 343% YoY to $39.8B, while NAND revenue rose 526% to $14.1B. CEO Sanjay Mehrotra attributed growth to AI demand, expecting continued improvement in 2027. Micron is expanding HBM production in the U.S. Analysts see no near-term decline in memory prices.

Micron Technology forecasts a memory chip shortage through 2028 due to AI demand, citing advanced customer orders and limited production capacity. The company reported record Q4 revenue of $54.229 billion, up 379.3% YoY, and guided Q1 FY2027 revenue between $60B-$63B. Micron expects continued price strength and profitability, with long-term contracts securing over 35% of revenue through 2030.

Micron reported $54.23B Q4 revenue, up 31% QoQ, and forecast $61.5B Q1 revenue, above estimates. It expects tight supply-demand conditions for memory chips through 2028, benefiting Samsung and SK hynix, its Korean competitors. HBM demand is outpacing supply, with prices expected to rise. Both Korean firms have secured long-term agreements, with strong Q3 earnings expected.

Micron Technology reported quarterly revenue exceeding estimates and $32B in long-term supply commitments, driven by AI memory chip demand. Shares are up over 300% YTD, entering the trillion-dollar valuation club. After-hours trading saw a minor gain, suggesting the market had already priced in AI growth expectations.