Micron Sees Q4 Non-GAAP Gross Margin 33.5%-35.5%
Portfolio Pulse from Benzinga Newsdesk
Micron Technology, Inc. (MU) has projected its Q4 non-GAAP gross margin to be between 33.5% and 35.5%.
June 26, 2024 | 8:05 pm
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POSITIVE IMPACT
Micron Technology, Inc. (MU) has projected its Q4 non-GAAP gross margin to be between 33.5% and 35.5%. This projection indicates a stable financial performance, which could positively influence investor sentiment.
The projected gross margin range suggests stable profitability for Micron in Q4. This positive financial outlook is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100