Micron Q3 Revenue Hits $41.5B, Blows Past Estimates; Taiwan Strike Threat Looms
MU has more than doubled off its 52-week low of $114.25.
Summary
Micron reported Q3 revenue of $41.46B, net income of $28.24B, and adjusted free cash flow of $18.3B, significantly exceeding the $35.3B revenue estimate from June 24. The stock rose ~1.2% to $942.77. Separately, Taiwan unions representing ~10,000 workers are seeking one-time pay and 15% profit-based quarterly bonuses, with over 80% backing a strike; Micron says talks continue. The earnings beat confirms strong AI-driven demand, but the labor dispute introduces operational risk in a key manufacturing hub.
At the time of this announcement, MU was trading at $929.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1T. The 52-week trading range was $114.25 to $1,255.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.