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Micron Q3 earnings: Time to buy the dip?
$Micron Technology (MU.US)$ reported third-quarter results that easily beat Wall Street's expectations for its fiscal third quarter. But its Show More
$Micron Technology (MU.US)$ reported third-quarter results that easily beat Wall Street's expectations for its fiscal third quarter. But its earnings estimates for subsequent quarters disappointed investors, and shares fell in after-hours trading.

For the fiscal quarter ended May 30, Micron reported adjusted earnings per share of $0.62 on revenue that rose 82% yoy to $6.81 billion. Cash flow from operating activities for the period was $2.48 billion, missing estimates of $3.24 billion, and gross margin was 28.1%.

Micron attributed most of its sales growth to AI, and said that AI demand has led to a tight supply of leading-edge nodes.

DISCUSSION: Do you think a buy-low opportunity has arisen at Micron?
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