WS #10629
Micron Q3 revenue surged 346% Y/Y to $41.46B, beating estimates by $6.21B, with EPS of $25.11 beating by $4.83, driven by AI memory demand; shares up ~10% after hours. Qualcomm raised FY29 non-handset revenue target to $40B, targets $5B in AI data center revenue for FY27, and expanded partnership with Hugging Face.
Micron Earnings Beat & AI Memory Demand
Micron Q3 revenue surged 346% Y/Y to $41.46B, beating estimates by $6.21B, with EPS of $25.11 beating by $4.83, driven by AI memory demand; shares up ~10% after hours.
Qualcomm raised FY29 non-handset revenue target to $40B, targets $5B in AI data center revenue for FY27, and expanded partnership with Hugging Face.