Micron raises Q4 adjusted EPS view to $2.78-$2.92, consensus $2.52

Raises Q4 revenue view to $11.1B-$11.3B, consensus $10.74B. Micron (MU) announced earlier that it is updating its revenue, gross margin, operating expense, and EPS guidance for the fourth quarter of fiscal 2025, which ends August 28. The company previously provided guidance for revenue of $10.7B +/- $300M, non-GAAP gross margins of 42.0% +/- 1.0%, and non-GAAP EPS of $2.50 +/- 15c for the fourth quarter of fiscal 2025. The company today updated its guidance for fourth quarter of fiscal 2025 revenue to $11.2B +/- $100M, non-GAAP gross margins to 44.5% +/- 0.5%, and non-GAAP EPS to $2.85 +/- 7c. This revised guidance reflects improved pricing, particularly in DRAM, and strong execution. Micron Executive Vice President and Chief Business Officer, Sumit Sadana, will share further updates in a fireside chat at the 2025 Keybanc Technology Conference in Park City, Utah scheduled to take place at 9:00 a.m. Mountain time on August 11.