Micron Technology crossed $50 billion in quarterly revenue for the first time, just one year after posting $9.30 billion in the same quarter the prior fiscal year. The memory chipmaker reported non-GAAP earnings per share of $25.11 in Q3, with gross margins guided at approximately 86% for Q4. This performance stems from explosive demand for high-bandwidth memory essential to AI workloads. For investors, this milestone validates management guidance but highlights concentration risk among a handful of hyperscalers. Any slowdown in their data center spending could directly impact Micron’s order book.
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