Micron Technology Non-GAAP EPS of $2.59 beats by $0.15, revenue of $8.64B in-line
Micron Technology press release (NASDAQ:MU): Q3 Non-GAAP EPS of $2.59  beats by $0.15.
Revenue of $8.64B (+16.4% Y/Y) in-line.
Operating cash flow of $3.84 billion versus $3.63 billion for the prior quarter and $3.56 billion for the same period last year.

Q4 Non-GAAP Outlook: Revenue $7.2 billion Â± $400 million vs. consensus of $9.13B, Gross margin 42.5% Â± 1.5%, Diluted earnings per share $1.63 Â± $0.20 vs. consensus of $2.58.
âRecently, the industry demand environment has weakened, and we are taking action to moderate our supply growth in fiscal 2023. We are confident about the long-term secular demand for memory and storage and are well positioned to deliver strong cross-cycle financial performance.â said Micron Technology President and CEO Sanjay Mehrotra.
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