Reported 9 months ago
Micron Technology released its quarterly earnings on June 26, reporting bright profits due to the rapid growth in AI demand; however, with high external expectations, the stock price plummeted 9% post-market. This decline also affected Nanya Technology and Winbond Electronics. Micron's performance is seen as an industry indicator, and despite its strong results, the stock fell by 7.98%. The company's Q3 revenue reached $6.81 billion, up 81.6% YoY, surpassing analysts' expectations. For the Q4 outlook until the end of August, Micron estimates revenue between $7.4 to $7.8 billion, aligned with market expectations.
Source: YAHOO