(Telestock) – Micron Technologyan American giant in the semiconductor field, closed the third quarter of the fiscal year 2024 (ended May 30, 2024) with a sales of $6.81 billion, compared to $5.82 billion in the previous quarter and $3.75 billion in the same period last year (and compared to an analyst estimate of $6.67 billion, according to LSEG data).
L’Net income was 332 million dollars (vs. 793 million dollars in the previous quarter and -1,896 million dollars a year ago), or 0.30 dollars per share, while theadjusted net profit was $702 million, or $0.62 per share.
“There robust demand for artificial intelligence and strong execution enabled Micron to generate sequential revenue growth of 17%, exceeding our guidance range in the fiscal third quarter,” he said Sanjay MehrotraPresident and CEO of Micron Technology.
“We are gaining share in high-margin products like High Bandwidth Memory (HBM) ei SSD revenues in our data centers have reached a record leveldemonstrating the strength of our AI product portfolio on DRAM and NAND,” he added, “We are excited about the future expansion of AI-based opportunities and are well positioned to deliver a substantial revenue record in fiscal 2025.”
The society provides a turnover of 7.6 billion dollars, more or less 200 million dollars, for the current quarter, compared to an analyst estimate of $7.6 billion, according to LSEG data. Adjusted net earnings per share are expected to be $1.08, plus or minus $0.08.