Micron Posts $41.46B Q3 Revenue, Analysts See Strong DRAM Pricing
MU has more than doubled off its 52-week low of $113.46.
Summary
Micron reported fiscal Q3 revenue of $41.46B, a sharp jump from the $23.9B reported two quarters ago, with debt at $5.72B. The stock pulled back to $941 after touching $1,000 intraday amid a chip-sector selloff, but analysts highlight multiyear contract floor prices above past cycle peaks, signaling durable DRAM and NAND demand. This follows the HBM4 supplier approval for Nvidia and the $200B U.S. manufacturing plan announced earlier this year. The revenue figure is a new data point that materially updates the growth picture.
At the time of this announcement, MU was trading at $932.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1T. The 52-week trading range was $113.46 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.