[News] Micron Raises Q4 Forecast on Strong DRAM Pricing and AI Demand

As tech giants ramp up AI investments, U.S. memory firm Micron has been among one of the major beneficiaries. The company has raised its Q4 Fiscal 2025 revenue forecast to $11.2 billion, up from $10.7 billion, according to Reuters.

In addition to the robust demand for HBM, Micron attributed the revised forecast to stronger pricing, especially for DRAM products, the report suggests. As etnews points out, the company explained that memory manufacturers’ production capacity has been focused on HBM, causing prices of non-HBM DRAM to rise.

As per Micron’s press release, it now boosts its adjusted gross margin estimate to 44.5% from 42%. Meanwhile, the company raises Q4 earnings guidance (which ends August 28, 2025) to $2.85 per share from $2.50.

Pricing trends have been robust across all our global markets, and we’ve successfully driven prices higher,” said Sumit Sadana, Micron’s chief business officer, at Monday’s industry conference, cited by Reuters.

This aligns with TrendForce’s observation, which finds that the DDR4 market is set to remain in a persistent state of undersupply and strong price growth through 2H25. Rigid server orders are crowding out supply for the PC and consumer markets, forcing PC OEMs to accelerate DDR5 adoption, as per TrendForce.

Micron’s good news doesn’t stop there. Reuters notes that while Trump’s 100% chip tariffs may slow growth, U.S.-based manufacturers like Micron gain a clear edge. In June, Micron upped its U.S. investment by $30 billion, pushing total commitments to $200 billion.

SK hynix Bullish on HBM Growth until 2030

On the flip side, SK hynix stays bullish on HBM momentum, as its HBM chief Choi Joon-yong forecasts a booming 30% annual growth through 2030—dismissing worries that the AI memory surge is fading, according to Business Korea, citing Reuters.

Interestingly, Business Korea points out that these views contrast with Samsung’s recent warning about HBM3E oversupply driving prices down and squeezing profits against standard DRAM. Insiders say Samsung might cut HBM3E prices to stay competitive, dragging market rates lower. But with customizable HBM4 on the horizon, many expect prices to surge—showing a clear split in outlook for the near-term market, the report adds.

According to a previous report from Chosun Biz, SK hynix is expected to increase HBM4 prices significantly, probably by up to 70% compared to HBM3E—though these claims have yet to be confirmed.

Read more

• [News] HBM Demand from ASICs Reportedly to Surge 80% in 2026, Fueling Samsung–SK hynix–Micron Rivalry
• [News] Micron Scales Up HBM to Four Major GPU/ASIC Clients; Targets 24% Market Share by Year-End

(Photo credit: Micron)