Micron Technology, Inc

MU NASDAQ
MU
Micron Technology, Inc NASDAQ
 
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Upcoming Earnings
EPS
Market Cap
Div Yield
P/E

Important events

Mar 302022

Micron’s mega earnings

Memory chip maker Micron Technology has seen its balance sheet make some not-so-micro gains thanks to data center strength.

🔍 Key points:

  • Micron moved up 4.5% in extended trading on Tuesday after absolutely smashing both the top and bottom ends in fiscal Q2, reporting EPS of $2.14 on revenues that grew 25% to hit $7.79bn.
  • Data center sales growth of 60% was at the core of the impressive revenue. CEO Sanjay Mehrotra said “data centers became the largest market for memory and storage, eclipsing the mobile market”.
  • The brand is bullish on the rest of the year too, with guidance beating estimates. Apparently product portfolio momentum is accelerating, and Micron has forecast revenue of $8.7bn for the current quarter when analysts were expecting $8.1bn.
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Micron

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Dec 232021

Micron pops on Q1 earnings

Memory chip maker Micron Technology made a hit this week with its fiscal year Q1 earnings, which surprised investors with a stronger sales performance, and sent the share price popping.

  • Micron reported an adjusted $2.04 per share on sales of $7.69bn, compared to analyst expectations of $2.10 on $7.68bn. Year on year, it marks earnings growth of 161% and sales growth of 33%.
  • For Q2, the firm has forecast earnings of $1.95 a share on sales of $7.5bn, beating Wall St estimates.
  • The share price jumped 10.5% on the news, and is up 7.55% for the month.
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