Micron Technology Inc

MU: XNAS (USA)
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Micron Earnings: What Goes Up Must Come Down … Eventually

Micron Technology reported eye-watering May-quarter results, beating revenue and earnings guidance by 24% and 31%, respectively. Revenue rose 346% year over year to $41 billion, non-GAAP gross margin rose to 85% (39% a year ago), and guidance implies further growth and margin expansion.

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