SKN | Micron Earnings Set to Test AI Memory Demand as Q4 Results Approach
Company Earnings Reports Micron Technology is approaching its September 30 fiscal fourth-quarter earnings report with expectations elevated by strong artificial intelligence-related demand and a favorable memory-chip pricing environment. The results will provide another important test of whether Micron can convert robust data-center demand and higher average selling prices into sustained revenue and margin expansion. Record Q3 Results Set a High Bar Micron’s fiscal third quarter, which ended May 28, delivered record financial results. Revenue reached $41.46 billion, compared with $23.86 billion in the previous quarter and $9.30 billion a year earlier. Non-GAAP earnings reached $25.11 per diluted share, while gross margin increased to 84.9%. The improvement was particularly visible in businesses connected to data-center demand. Core Data Center revenue increased to $11.52 […]
