Micron's earnings report is no longer just about the cyclical stocks.
For Q3, revenue hit $41.46 billion, compared to only $9.3 billion last year.
Non-GAAP EPS is $25.11, with operating cash flow at $25.39 billion, and adjusted free cash flow at $18.3 billion.
What's even more crucial is the Q4 guidance:
Revenue is expected to be between $49-51 billion, with an adjusted gross margin around 86%, and adjusted EPS between $30-32.
This indicates that Micron is not just riding a typical memory cycle rebound, but rather capitalizing on the AI era with HBM, server memory, and high-performance storage all ramping up.
Previously, the market viewed MU as a cyclical stock, but now the question arises:
Is Micron at the peak of the cycle, or is this just the beginning of a valuation reconstruction for AI memory infrastructure?
From now on, this may no longer be a question.
$MU
#MicronTechnologyEarningsBeatExpectationsStockPriceSurges
For Q3, revenue hit $41.46 billion, compared to only $9.3 billion last year.
Non-GAAP EPS is $25.11, with operating cash flow at $25.39 billion, and adjusted free cash flow at $18.3 billion.
What's even more crucial is the Q4 guidance:
Revenue is expected to be between $49-51 billion, with an adjusted gross margin around 86%, and adjusted EPS between $30-32.
This indicates that Micron is not just riding a typical memory cycle rebound, but rather capitalizing on the AI era with HBM, server memory, and high-performance storage all ramping up.
Previously, the market viewed MU as a cyclical stock, but now the question arises:
Is Micron at the peak of the cycle, or is this just the beginning of a valuation reconstruction for AI memory infrastructure?
From now on, this may no longer be a question.
$MU
#MicronTechnologyEarningsBeatExpectationsStockPriceSurges