Why did Micron's operating expenses spike in Q3 2024?

Micron Technology, Inc. (MU) did not report any operating expenses in Q3 2024. However, it is important to note that the company's operating expenses were not a significant factor in its financial performance during this quarter.

1. **Strong Revenue Performance**: Micron delivered strong financial results in Q3 2024, with a revenue of $6.8 billion, marking an 82% increase compared to the previous year. This growth was driven by favorable industry trends, strategic pricing, and a strong product mix, particularly in the DRAM and NAND segments.
2. **Growth Focus Areas**: The company's focus on advanced memory technologies and strategic expansion into key growth areas such as AI and data centers has positioned it well for long-term growth. Record revenues in NAND and storage businesses, along with advancements in 1-beta DRAM and G8/G9 NAND technologies, have bolstered Micron's competitive position.

In conclusion, Micron's operating expenses were not a significant factor in its strong financial performance in Q3 2024, as the company's growth was primarily driven by revenue growth in its key segments and strategic positioning in the AI and data center markets.