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Micron Reports Strong Results and Sets $50B Revenue Guidance

Micron Technology logoMicron Technology
Sig3.05Sen+6.75Env0.00Soc0.00Gov0.00

Micron Technology reported $41.46B in revenue and an 84.9% adjusted gross margin, along with $18.3B in adjusted free cash flow. Management forecasts fiscal Q4 revenue of $50B (plus or minus $1B) and an adjusted gross margin near 86%. Hitting the midpoint implies a sharp sequential jump, with markets reacting to bullish AI-memory momentum.

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