Micron beats estimates for third-quarter revenue By Reuters


© Reuters. FILE PHOTO: A smartphone with a displayed Micron logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Chipmaker Micron Technology (NASDAQ:) beat estimates for third-quarter revenue on Wednesday, driven by a surge in demand for its memory chips from the booming AI industry and improved pricing in other markets.

The company reported revenue of $6.81 billion for the third quarter, compared with an estimate of $6.67 billion, according to LSEG data.


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