Micron beats by $0.14, beats on revs; guides Q4 EPS in-line, revs in-line (142.36 +1.24)
- Reports Q3 (May) earnings of $0.62 per share, excluding non-recurring items, $0.14 better than the FactSet Consensus of $0.48; revenues rose 81.5% year/year to $6.81 bln vs the $6.67 bln FactSet Consensus.
- Co issues in-line guidance for Q4 (Aug), sees EPS of $1.00-1.16, excluding non-recurring items, vs. $1.02 FactSet Consensus; sees Q4 revs of $7.40-7.80 bln vs. $7.59 bln FactSet Consensus.
- Co added, "We are gaining share in high-margin products like High Bandwidth Memory (HBM), and our data center SSD revenue hit a record high, demonstrating the strength of our AI product portfolio across DRAM and NAND. We are excited about the expanding AI-driven opportunities ahead, and are well positioned to deliver a substantial revenue record in fiscal 2025."