Micron Posts $41.46 Billion Q3 Revenue, Locks In $100 Billion AI Memory Deals
Updated
Updated · 24/7 Wall St. · Aug 23
Micron Posts $41.46 Billion Q3 Revenue, Locks In $100 Billion AI Memory Deals
3 articles · Updated · 24/7 Wall St. · Aug 23
Summary
$41.46 billion in fiscal Q3 revenue and $25.11 in non-GAAP EPS marked Micron’s latest blowout quarter, with sales up 345.72% from a year earlier and extending its earnings beat streak to seven quarters.
$100 billion in minimum-volume, minimum-price customer agreements running from 2026 to 2030 gave Micron unusual revenue visibility, as 16 take-or-pay contracts aim to blunt the usual memory-cycle risk.
$1 billion in HBM4 revenue already shipped underscores the AI-memory driver behind the results, while Micron said its HBM4 12-high ramp is running twice as fast as HBM3E 12-high.
$18.30 billion in quarterly free cash flow, a 15-cent dividend and $650 million in buybacks over nine months add to the shareholder case as management points to tight market conditions beyond 2027.