Amit Singh

Mon, Jun 23, 2025, 7:28 AM4 min read

Micron (MU) will announce its fiscal 2025 third-quarter earnings on June 25. MU stock has already gained about 46% since the start of the year. Moreover, this momentum in Micron stock could sustain led by higher demand for its memory chips and storage products in both data center and consumer markets. Furthermore, Micron is gaining market share across high-margin product categories, which will help cushion its bottom line.

With AI continuing to drive demand for advanced memory products, Micron is poised to deliver record revenue and improved earnings in Q3, which could further lift its share price.

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Analysts, too, remain upbeat about Micron’s prospects heading into this earnings report. With the ongoing momentum in Micron’s business, let’s look at analysts’ Q3 earnings forecast.

As Micron prepares to release its third-quarter results, expectations remain positive. The semiconductor company’s management is forecasting third-quarter revenue of approximately $8.8 billion, a 30% increase from the same period last year. This growth is expected to be powered by higher shipments of DRAM and NAND memory products, particularly as AI infrastructure demands more high-performance chips.

Last quarter, Micron set a new record for data center DRAM revenue, and its high-bandwidth memory (HBM) sales surged over 50% sequentially, crossing the $1 billion mark in quarterly revenue. This reflects that the company’s strategic ramp-up in HBM is paying off. Micron’s ability to supply low-power DRAM (LP DRAM) at high volumes for data center use gives it a competitive edge in a fast-growing market.

Micron continues to invest in the capacity to capitalize on AI-driven opportunities. The company is expanding its HBM manufacturing capacity to meet anticipated demand through 2026, which will solidify its market positioning.

Thanks to its solid sales, Micron’s bottom line could witness significant growth in Q3. Notably, Micron has a solid track record of consistently outperforming Wall Street expectations, having exceeded earnings forecasts for four consecutive quarters. In its last report, the company beat estimates by 9.3%.

Analysts are expecting adjusted earnings of $1.43 per share for Q3, marking a significant improvement from last year. Micron’s guidance is even more bullish, with management projecting earnings of $1.57 per share, plus or minus $0.10.