$Micron Tech(MU.US) Quick Read: The company's revenue and gross margin continued to grow this quarter, with the gross margin slightly below market expectations. Although HBM continues to contribute incremental growth to the company, the company was affected by traditional downstream markets such as mobile phones this quarter, leading to price declines in some products, which in turn impacted the gross margin performance.

By business segment, the company's DRAM business still saw a 20% quarter-over-quarter growth this quarter, driven by HBM, with both volume and price rising; however, the company's NAND business was significantly impacted by inventory adjustments in downstream sectors such as mobile phones, automotive, and industrial, resulting in a slight quarter-over-quarter decline in both shipment volume and average price.

Compared to this quarter's financial report, the company's outlook for the next quarter is more pessimistic. The company expects revenue for the next quarter to be between $7.9 billion and $8.1 billion (a 9% quarter-over-quarter decline), which is below the market consensus expectation of $9 billion; the quarterly gross margin (GAAP) is expected to be between 36.5% and 38.5% (a quarter-over-quarter decline), also below the market consensus expectation of 41.3%. The company’s guidance will directly affect market confidence in the continued recovery of the company's performance in this round. For detailed financial report interpretation and conference call content, please follow Dolphin Jun's subsequent updates.