$Micron Tech(MU.US)first take: Micron Technology's quarterly earnings report generally met market expectations. The continued recovery in revenue and gross margin was mainly driven by the improvement in the memory industry, which led to price increases for DRAM and NAND products.

The company's product shipments remained largely unchanged this quarter, with price increases being the main factor behind the performance recovery. Although the performance outlook remains positive, the company's guidance did not provide enough confidence to the market. While both revenue and gross margin are expected to improve next quarter, they are in line with market expectations. The lack of significant growth in shipments indicates that the recovery is primarily price-driven.