Micron Technology (MU) Tops Q3 EPS by 5c, Q4 Guidance Beats

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Go back to Micron Technology (MU) Tops Q3 EPS by 5c, Q4 Guidance Beats

Micron Technology, Inc. Reports Results for the Third Quarter of Fiscal 2020

June 29, 2020 4:02 PM EDT

Strong execution drives higher profitability

BOISE, Idaho, June 29, 2020 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its third quarter of fiscal 2020, which ended May 28, 2020.

Fiscal Q3 2020 highlights

Revenue of $5.44 billion versus $4.80 billion for the prior quarter and $4.79 billion for the same period last yearGAAP net income of $803 million, or $0.71 per diluted shareNon-GAAP net income of $941 million, or $0.82 per diluted shareOperating cash flow of $2.02 billion versus $2.00 billion for the prior quarter and $2.71 billion for the same period last... More