{"slug": "micron-forecasts-strong-quarterly-results-on-soaring-memory-chip-demand", "title": "Micron forecasts strong quarterly results on soaring memory chip demand", "summary": "Micron forecast quarterly profit and revenue well above expectations on Wednesday, with customers committing $22 billion to secure future memory chip supply, sending shares up 12% in after-hours trading. The strong demand is driven by AI-related shortages, and CEO Sanjay Mehrotra said tight conditions are expected to persist beyond 2027.", "body_md": "Micron forecast quarterly profit and revenue well above expectations on Wednesday and said its customers had committed $22 billion to lock in future supply of memory chips, sending its shares surging 12 percent in after-hours trading. The forecast — and third-quarter results that beat Wall Street estimates — underscore how AI-driven shortages are forcing Micron's large-scale data center customers and other chip buyers to fund capacity, moves that are reshaping the memory market. Micron, which is the only U.S.-based manufacturer of high-end memory chips used alongside Nvidia's AI processors, has seen demand for these HBM chips far outstrip its production capacity. \"We expect tight conditions to persist beyond calendar 2027 as a result of AI-driven demand across all segments coupled with structural supply constraints,\" Micron CEO Sanjay Mehrotra said in the company's prepared remarks. Micron's stock has surged more than threefold this year, despite a 13 percent plunge on Tuesday as part of a broader selloff. The chipmaker also outlined a business model shift aimed at making demand less", "url": "https://wpnews.pro/news/micron-forecasts-strong-quarterly-results-on-soaring-memory-chip-demand", "canonical_source": "https://www.koreatimes.co.kr/world/20260625/micron-forecasts-strong-quarterly-results-on-soaring-memory-chip-demand?utm_source=rss", "published_at": "2026-06-24 23:22:04+00:00", "updated_at": "2026-06-24 23:24:23.268723+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure", "ai-products", "ai-research"], "entities": ["Micron", "Nvidia", "Sanjay Mehrotra"], "alternates": {"html": "https://wpnews.pro/news/micron-forecasts-strong-quarterly-results-on-soaring-memory-chip-demand", "markdown": "https://wpnews.pro/news/micron-forecasts-strong-quarterly-results-on-soaring-memory-chip-demand.md", "text": "https://wpnews.pro/news/micron-forecasts-strong-quarterly-results-on-soaring-memory-chip-demand.txt", "jsonld": "https://wpnews.pro/news/micron-forecasts-strong-quarterly-results-on-soaring-memory-chip-demand.jsonld"}}