- Micron reported fiscal third-quarter revenue of $41.46 billion, surpassing Wall Street's forecast of $35.91 billion and growing significantly from $9.3 billion in the prior year.
- The company projected fourth-quarter revenue between $49 billion and $51 billion, which is roughly $7 billion higher than the market consensus of approximately $43 billion.
- GAAP gross margins expanded to 85% from 38% a year ago, reflecting strong pricing power in a tight market for High Bandwidth Memory (HBM).
Quotes
“reset the entire industry”