MU - Micron Technology Inc. (MU) Q3 2024 Earnings Call Transcript
2024-06-26 20:30:07 ET
Micron Technology, Inc. (MU)
Q3 2024 Earnings Conference Call
June 26, 2024, 04:30 PM ET
Company Participants
Satya Kumar - IR
Sanjay Mehrotra - President and CEO
Mark Murphy - CFO
Conference Call Participants
Krish Sankar - TD Cowen
Vivek Arya - Bank of America Securities
Toshiya Hari - Goldman Sachs
Thomas O'Malley - Barclays
Christopher Danely - Citi
Harlan Sur - JPMorgan
Presentation
Operator
Thank you for standing by, and welcome to Micron Technology's Fiscal Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] As a reminder, today's program is being recorded.
And now, I'd like to introduce your host for today's program, Satya Kumar, Investor Relations. Please go ahead, sir.
Satya Kumar
Thank you, and welcome to Micron Technology's fiscal third quarter 2024 financial conference call. On the call with me today are Sanjay Mehrotra, our President and CEO; and Mark Murphy, our CFO. Today's call is being webcast from our Investor Relations site at investors.micron.com, including audio and slides. In addition, the press release detailing our quarterly results has been posted on the website, along with the prepared remarks for this call.
Today's discussion of financial results is presented on a non-GAAP financial basis unless otherwise specified. A reconciliation of GAAP to non-GAAP financial measures can be found on our website. We encourage you to visit our website at micron.com throughout the quarter for the most current information on the Company, including information on financial conferences that we may be attending. You can also follow us on X at MicronTech.
As a reminder, the matters we are discussing today include forward-looking statements regarding market demand and supply, market and pricing trends and drivers, the impact of new technologies such as AI, product ramp plans and market position, our expected results and guidance, and other matters. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from statements made today. We refer you to the documents we filed with the SEC, including our most recent Form 10-Q and the upcoming 10-Q, for a discussion of risks that may affect our future results. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of the forward-looking statements to conform these statements to actual results.
With that, let me turn the call over to Sanjay.
Sanjay Mehrotra
Thank you, Satya. Good afternoon, everyone.
I am pleased to report that Micron delivered fiscal Q3 revenue, gross margin, and EPS, all above the high end of guidance ranges. Micron drove robust price increases as industry supply-demand conditions continued to improve. This improved pricing, combined with our strengthening product mix, resulted in increased profitability across all our end markets....
Micron Technology, Inc. (MU) Q3 2024 Earnings Call Transcript