The print
This is not a beat. This is a re-rating event. Micron just put up a quarter that breaks the historical shape of the memory business.
Each line: FQ3-26 · prior quarter (QoQ) · year-ago quarter (YoY)
Revenue — $41.46B · $23.86B (+74%) · $9.30B (+346%)
Gross margin — 84.6% · 74.4% · 37.7%
Operating margin — 80.4% · 67.6% · 23.3%
GAAP EPS — $24.67 · $12…
