Micron (NASDAQ:MU) shares drop 0.8% aftermarket on Q3 results that beat EPS and revenue estimates with a 40% Y/Y revenue growth.
DRAM performance: Accounted for 71% of total revenue with its revenue up 6% Q/Q and 56% Y/Y. Shipment quantities were relatively flat on the quarter and ASPs were up mid-to-upper single-digit percent range.
Trade NAND performance: Accounted for 25% of overall revenue with revenue up 8% Q/Q and 14% Y/Y. Shipments were relatively flat on the quarter and ASPs were up mid-to-upper single-digit percentage range.
Key metrics: Operating cash flow, $4.3B; FCF, $2.2B; operating expenses; cash and equivalents, $7.7B; total debt balance, $7.3B.
Earnings call is scheduled for 4:30 PM ET with a webcast available here.
Previously: Micron Technology beats by $0.03, beats on revenue (June 20)
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