Micron Beat Earnings And Posts Strong Guidance

Core Insights - Micron Technology reported quarterly results that exceeded analyst expectations, with revenue of $11.32 billion, surpassing estimates of $11.12 billion [1] - The company achieved a gross margin of 45.7%, above the consensus of 44.7%, and non-GAAP earnings per share of $3.03, exceeding the expected $2.82 [1] Fiscal Guidance - Micron issued stronger-than-anticipated fiscal first-quarter guidance, projecting revenue of $12.5 billion at the midpoint, well above Street expectations of $11.98 billion [2] - The company forecasted a non-GAAP gross margin of 51.5%, significantly ahead of the 46.1% consensus, and projected non-GAAP earnings per share between $3.60 and $3.90, compared to the $3.09 analyst forecast [2]