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Micron and Intel post sharply different results on AI memory demand
Micron reported fiscal Q3 revenue of $41.46 billion, up 345.7% year over year, while Intel recorded a $11.03 billion GAAP net loss tied to foundry losses.
Micron and Intel both delivered blockbuster earnings, but the businesses are moving in opposite directions as AI memory demand drives Micron's growth, according to Yahoo Finance. Micron delivered a fifth consecutive quarterly revenue record on strong AI memory demand, while Intel’s foundry unit continued to weigh on results.
Micron’s fiscal Q3 revenue rose to $41.46 billion, up 345.7% year over year, and GAAP gross margin jumped to 84.6%. CEO Sanjay Mehrotra said data center revenue exceeded $25 billion on an annualized run rate of over $100 billion, supported by HBM4 shipments ramping faster than HBM3E.
Intel’s latest results showed revenue growth alongside major losses. Intel posted Q2 revenue of $16.13 billion, up 25.4% year over year, with its Data Center and AI segment up 59%, yet it reported 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.
Looking ahead, Micron guided fiscal Q4 revenue to $50 billion with gross margin near 86% and EPS around $31.00. Yahoo Finance also said Micron locked in 16 strategic customer agreements worth about $100 billion in minimum revenue, while Intel faces double-digit PC demand declines in 2026 amid higher capex, including spending climbing above $20 billion in 2026.