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Micron (MU) posted 346% revenue growth and 84.6% gross margins while Intel (INTC) absorbed an $11 billion net loss driven by foundry losses.
Sanjay Mehrotra locked in 16 Strategic Customer Agreements worth ~$100 billion in minimum revenue, with floor-price margins exceeding any prior peak.
Micron guided fiscal Q4 to $50 billion in revenue at ~86% gross margin, while Intel faces double-digit PC demand declines in 2026.
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Micron Technology(NASDAQ:MU) andIntel(NASDAQ:INTC) both reported blockbuster earnings, but the underlying businesses tell very different stories.
Micron delivered a fifth consecutive quarterly revenue record as AI memory demand ran hot.
Intel posted its seventh straight guidance beat while its foundry unit bleeds cash.
Micron's fiscal Q3 revenue hit $41.46 billion, up 345.7% year over year, with GAAP gross margin exploding to 84.6%.
CEO Sanjay Mehrotra told investors data center revenue exceeded $25 billion on an annualized run rate of over $100 billion, powered by HBM4 shipments that are ramping twice as fast as HBM3E 12-high.
Intel's Q2 revenue of $16.13 billion grew 25.4%, its strongest revenue growth in more than fifteen years.
The Data Center and AI segment jumped 59%.
Yet the company posted a GAAP net loss of $11.03 billion after a $12.53 billion non-cash CHIPS Act charge, and Intel Foundry lost $2.1 billion in the quarter.
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