Micron Technology Non-GAAP EPS of -$1.43 beats by $0.14, revenue of $3.75B beats by $70M
Micron Technology press release (NASDAQ:MU): Q3 Non-GAAP EPS of -$1.43  beats by $0.14.
Revenue of $3.75B (-56.6% Y/Y)  beats by $70M.
Operating cash flow of $24 million versus $343 million for the prior quarter and $3.84 billion for the same period last year.
âMicron delivered fiscal third quarter revenue, gross margin, and EPS all above the midpoint of the guidance range. We believe that the memory industry has passed its trough in revenue, and we expect margins to improve as industry supply-demand balance is gradually restored. The recent Cyberspace Administration of China decision is a significant headwind that is impacting our outlook and slowing our recovery. Longer-term, Micronâs technology leadership, product portfolio, and operational excellence continues to strengthen our competitive positioning across." said Micron Technology President and CEO Sanjay Mehrotra.

Non GAAP Q4 Outlook: Revenue $3.90 billion Â± $200 million vs. consensus of $3.94B, Gross margin (10.5%) Â± 2.5%, EPS ($1.19) Â± $0.07 vs. consensus of -$1.08.
Shares +4.67%.