Micron’s fiscal third-quarter DRAM revenue, scheduled for release June 24, is being shaped primarily by sustained AI-driven demand for high-bandwidth memory and conventional DRAM amid ongoing industry supply tightness. In the prior quarter, DRAM accounted for roughly 79 percent of total revenue and posted year-over-year gains exceeding 200 percent as average selling prices rose sharply on constrained wafer output and HBM allocation. Management’s $33.5 billion ± $750 million top-line guide for the period, paired with an 81 percent gross-margin target, reflects continued strength in data-center and hyperscale orders. Traders are therefore monitoring whether bit shipments and realized pricing will exceed or fall short of the implied sequential trajectory, with any deviation in the upcoming print likely to recalibrate near-term expectations for memory ASPs and capital-spending plans.