Micron Forecasts FY4Q Revenue of $50B ± $1B as It Outlines $100B in SCA RPO (NASDAQ:MU)

Micron reported record revenue, gross margin and free cash flow in the 3rd quarter with a strong outlook for the 4th quarter. Management highlighted strong gross margins (84.9% in Q3, 86% forecast for Q4), strong cash and investments ($30.2 billion) and plans to eventually return 100% of excess cash to shareholders.