---
title: "Key facts: MU $41.46B; Q4 ~$50B, 86% GM; Citi cuts; fab delayed 2030"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295294022.md"
description: "Micron reported Q3 revenue of $41.46B and net income of $28.24B, with guidance for Q4 revenue at ~$50B and an 86% gross margin. Citi cut its price target but maintained a Buy rating, citing risks from slowing DRAM/NAND prices and Chinese capacity expansion. Additionally, Micron delayed the startup of its $100B New York fab to 2030."
datetime: "2026-08-08T07:13:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295294022.md)
  - [en](https://longbridge.com/en/news/295294022.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295294022.md)
generator: "portal-rs"
---

# Key facts: MU $41.46B; Q4 ~$50B, 86% GM; Citi cuts; fab delayed 2030

-   Micron (MU) posted revenue $41.46B, GAAP net income $28.24B and operating cash flow $25.39B. Management guides fiscal Q4 revenue ~$50B ±$1B and gross margin near 86%. GuruFocus
-   Citi cut Micron (MU) target, kept Buy, forecasts DRAM and NAND prices to slow and gross margins to fall next year, notes long-term DRAM contracts and Chinese capacity expansion as risks. GuruFocus
-   Micron (MU) announced a $100B New York fab in 2022; reported startup pushed to 2030. Industry sources say major new DRAM/NAND capacity from SK Hynix and Samsung remains years away. Dow Jones Newswires

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**