“In fiscal Q3, DRAM revenue reached a new record driven by a nearly 50% sequential growth in HBM revenue,” said CEO Sanjay Mehrotra, “we remain the sole supplier in volume production of LP DRAM in the data center. In NAND, we achieved a new quarterly record for market share across data center SSDs as well as client SSDs in calendar Q1. For the first time ever, during calendar Q1, Micron has become the No. 2 brand by share in data center SSDs, according to third-party data.”
After record calendar Q2 (fiscal Q3) revenues of $9.3 billion, up from $8.05 billion in the previous
quarter, Micron expects $11.2 billion in revenues in the current quarter.
It has increased its gross margin to 44.5% from 42% on the back of improved pricing, particularly for DRAM.
“We look at all of our different end markets around the world, the pricing trends have been robust, and we have had great success in being able to push that pricing up,” said Chief Business Officer Sumit Sadana.
At a fireside chat after the forecast, Sadana said: “We are excited about our future prospects looking out multiple years.“ That is the question: Is this a re-stocking of depleted inventories or a sustained market upswing?
