Micron Technology (NASDAQ:MU) Posts Better-Than-Expected Sal

Micron Technology (NASDAQ:MU) Posts Better-Than-Expected Sales In Q1, Guides For Strong Sales Next Quarter

Memory chips maker Micron (NYSE:MU) beat analysts' expectations in Q1 FY2024, with revenue up 15.7% year on year to $4.73 billion. Guidance for next quarter's revenue was also optimistic at $5.3 billion at the midpoint, 4.9% above analysts' estimates. It made a non-GAAP loss of $0.95 per share, down from its loss of $0.04 per share in the same quarter last year.

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