Micron Technology reports strong fiscal Q3 2024 results with record high data center SSD revenue

From GlobeNewswire: 2024-06-26 16:04:00

Micron Technology, Inc. announced strong fiscal Q3 2024 results with revenue of $6.81 billion, a 17% increase from the prior quarter. The company reported GAAP net income of $332 million and non-GAAP net income of $702 million. Micron’s data center SSD revenue reached a record high, driven by robust AI demand. Investments in capital expenditures for Q3 were $2.06 billion, resulting in adjusted free cash flows of $425 million. The Board declared a quarterly dividend of $0.115 per share. Looking ahead, Micron expects a revenue of $7.60 billion for Q4 2024 with a gross margin of 33.5-34.5%. For more information, visit investors.micron.com.



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