$MU Micron Technology Q3 Earnings & Q4 Guidance
- Adjusted EPS $25.11, est. $20.49
- Adjusted Revenue $41.46B, est. $35.69B
- Sees Q4 Adjusted EPS $30–$32, est. $25.31
- Sees Q4 Adjusted Revenue $49B–$51B, est. $43.24B
- Adjusted Operating Income $33.68B, est. $27.86B
- Adjusted Gross Margin 84.9%, est. 81.9%
- Sees Q4 Adjusted Gross Margin ~86%, est. 83.6%
- Cloud Memory Revenue $13.77B, est. $10.69B
- Core Data Center Revenue $11.52B, est. $6.8B
- Mobile & Client Revenue $11.52B, est. $9.73B
- Automotive & Embedded Revenue $4.63B, est. $3.51B
- Declared quarterly dividend $0.15/share
- Says customers' demand is growing rapidly