Micron Technology Inc.
Micron Technology Announces Strong Q3 2024 Financial Results
Summary
Micron Technology, Inc. reported robust financial results for its third quarter of fiscal 2024, showing a sequential revenue growth of 17% to $6.81 billion. The company reported GAAP net income of $332 million and non-GAAP net income of $702 million. Micron's strong performance was driven by robust demand for AI products, with data center revenue mix hitting a record high. The company also provided guidance for the fourth quarter of fiscal 2024, anticipating revenue between $7.4 billion and $7.8 billion. Detailed financial statements and exhibits are provided in the filing.
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About Micron Technology Inc.
Micron Technology Inc. is a leader in the production and innovation of memory and storage solutions. The company's core offerings include dynamic random-access memory (DRAM), NAND flash memory, and NOR flash memory, which are crucial for a wide range of computing devices. These products serve various sectors, including personal computing, mobile communications, automotive, and data centers, enabling advanced functionalities and improved performance. Micron’s innovations play a critical role in data processing and storage, facilitating advancements in artificial intelligence, machine learning, and edge computing. As a major player in the semiconductor industry, Micron Technology Inc. significantly influences the technology supply chain, contributing to the development of modern electronic devices and systems. With a focus on cutting-edge technology and efficient manufacturing, Micron is pivotal in driving forward the capabilities of memory solutions globally.
Official SEC Documents
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