Micron Technology (NYSE:MU) reported results ahead of analysts' expectations in Q1 CY2024, with revenue up 57.7% year on year to $5.82 billion. The company made a non-GAAP profit of $0.42 per share, improving from its loss of $1.91 per share in the same quarter last year. We believe the company is still in the early days of an upcycle, as this was just the second consecutive quarter of growth. In a tight supply environment, inventor