Micron now discloses GM and OPM for each segment including Mobile, Cloud, Auto and Core DC. Measuring GM fall-through (incremental GP/incremental rev) across 3 disclosed periods (3QF25 through 1QF26) suggests Mobile gross profit is accelerating (not surprising with all the news we hear about mobile squeeze). Cloud (AI) and Auto accelerating too. Core DC appears decelerating.
Source: Sravan Kundojjala
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