In today’s post:
❓ They Paid Billions Upfront. Why?
❓ They Paid Billions Upfront. Why?
Micron $MU ( ▲ 0.79% ) reported one of the best quarters in its history. And the market still doesn't get it.
The numbers were loud:
Revenue: $41.46 billion, smashing estimates
Non-GAAP EPS beat by over $4 per share
Gross margin near 85%
Record operating cash flow
Guidance pointing to materially higher revenue and earnings next quarter
That alone explains the post-earnings rally. But staring at the headline numbers misses the real story.
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