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Micron Technology Declares Third Quarter Fiscal 2021 Results

Micron Technology has recently declared results for its third quarter of fiscal 2021

Micron Fiscal Q3 2021 highlights Revenue of $7.42 billion versus $6.24 billion for the prior quarter and $5.44 billion for the same period last year. GAAP net income of $1.74 billion, or $1.52 per diluted share non-GAAP net income of $2.17 billion, or $1.88 per diluted share Operating cash flow of $3.56 billion versus $3.06 billion for the prior quarter and $2.02 billion for the same period last year.

“Micron set multiple markets and product revenue records in our third quarter and achieved the largest sequential earnings improvement in our history,” said Micron Technology President and CEO Sanjay Mehrotra. “Our industry-leading 1α DRAM and 176-layer NAND now represent a meaningful portion of our production, and Micron is in the best position ever to capitalize on the long-term demand trends across the data center, intelligent edge and user devices.”

Micron will host a conference call to discuss its third-quarter financial results and provide forward-looking guidance for its fourth quarter.

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A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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