Micron Technology Inc
MUQ2 2024Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$3.2B
AI Revenue (Q)
$102.2M
Total Revenue (Q)
$6.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Micron FQ3 FY2024 (ended May 30, 2024). Revenue: $6,811M. CNBU: $2,573M. Enterprise and cloud server = 20% of 9-month revenue (up from 15% prior period, indicating data center recovery). The filing describes HBM as 'a stacked DRAM technology optimized for memory-bandwidth intensive applications' and lists it as a product form. The filing narrative states 'increasing demand growth, driven in part by deployment of artificial intelligence' but does not quantify HBM revenue. HBM3E was ramping into production during this quarter. Based on data center revenue mix improvement and HBM ramp trajectory, estimate HBM3E revenue at ~$100M for the quarter. Math: $100M / $6,811M = 1.5%. Ring 1 AI revenue = ~$100M (estimated).
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $6,811M for quarter ended May 30, 2024
10-Q filed 2024-05-30, Consolidated Statements of Operations
CNBU revenue $2,573M
10-Q filed 2024-05-30, Segment Data
Enterprise and cloud server 20% of nine-month revenue
10-Q filed 2024-05-30, Certain Concentrations
increasing demand growth, driven in part by deployment of artificial intelligence
10-Q filed 2024-05-30, Industry Conditions
AI Products Identified (Ring 1)
HBM3E
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Data center DDR5 for AI server platformsData center SSDs for AI workloads
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix