The company reported net sales of $1.116 billion in the quarter, up 13 percent from $991 million in the previous quarter, and $732.7 million in the like period a year ago.

Micron attributed the results to improved average selling prices (ASPs) for its memory products. ASPs were approximately 15 percent higher than the immediately preceding quarter and approximately 45 percent higher than the third quarter a year ago.

The company also benefited from a diversification of its product mix. Allocations of wafer starts to CMOS image sensors contributed to lower levels of core DRAM megabit production in the third quarter, as compared to the immediately preceding quarter.

"We dedicated a higher level of wafer production to CMOS image sensors in response to enthusiasm in the market for our DigitalClarity CMOS Imaging Devices," said Steve Appleton, Chairman, CEO and president, in a statement.

During the third quarter of fiscal 2004, the company qualified its first memory product at its 300-mm wafer fabrication plant in Virginia. The 256-megabit DDR device are based on a 110-nm process.