Micron earnings beat puts memory prices and margin guidance in focus

CNBC describes Micron’s earnings as a beat. An earnings-focused account says higher prices drove most of a 79% year-over-year revenue increase and argues that the outlook depends on how long prices hold. Another post claims a $150 billion contract backlog and forecasts another record quarter. A separate post describes gross-margin guidance of 86% as declining and warns about a potential cyclical downturn in memory stocks.