Micron Beat Q3 Hard, Guided Q4 to a $50B Midpoint. The HBM Cycle Is Real.
Micron reported Q3 revenue of $41.46 billion (vs $35.84B consensus) and EPS of $25.11 (vs $20.39). The Q4 guide came in at $49-51 billion versus the $43.2B street estimate.
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