What Micron Technology (MU)'s Upgraded Outlook and High Bandwidth Memory Demand Mean For Shareholders

• On September 2, 2025, Micron Technology presented at SEMICON India 2025 in New Delhi, where senior executives discussed business outlook and product developments including high bandwidth memory.
• A key insight from the event was management raising guidance and emphasizing strong, sold-out capacity for high bandwidth memory, reflecting robust AI-driven demand.
• We'll explore how Micron's upgraded outlook and confirmed HBM leadership could reshape the company's growth case and margin expectations.

Find companies with promising cash flow potential yet trading below their fair value.

Micron Technology Investment Narrative Recap

For investors to be comfortable holding Micron, the core belief centers on continued strength in AI-driven data center demand translating to sustainable growth in high-bandwidth memory and margin stabilization. The recent management guidance upgrade and confirmation of sold-out HBM capacity at SEMICON India 2025 directly support this catalyst, but ongoing cyclical swings in DRAM/NAND and fierce competition remain the top near-term risk to watch. If demand were to slow or pricing pressure resurface, the bull case could quickly be challenged.

Among recent announcements, Micron’s August 2025 upward revision of quarterly revenue and EPS guidance stands out, echoing the optimism discussed at SEMICON India. This move is firmly tied to robust demand for advanced memory solutions, notably HBM, and is central to investor hopes for improved pricing power and margin expansion in the short term.

Yet, against these strong fundamental signals, investors should closely watch for signs of increased competitive pressure that could threaten margin stability...

Read the full narrative on Micron Technology (it's free!)

Micron Technology's outlook anticipates $53.5 billion in revenue and $13.6 billion in earnings by 2028. This implies a 16.5% annual revenue growth rate and a $7.4 billion increase in earnings from $6.2 billion today.

Uncover how Micron Technology's forecasts yield a $149.86 fair value, a 26% upside to its current price.

Exploring Other Perspectives

Fifty-two members of the Simply Wall St Community valued Micron between US$69.41 and US$196.68 per share before this latest guidance. Many are factoring in rising AI and HBM momentum, but opinions on future profit resilience, and risks, vary sharply, so consider how your outlook fits with this broad mix of perspectives.

Explore 52 other fair value estimates on Micron Technology - why the stock might be worth 41% less than the current price!

Build Your Own Micron Technology Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Micron Technology research is our analysis highlighting 5 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Micron Technology research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Micron Technology's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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