Micron Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, 'Multi-Year' AI Opportunity And More
Portfolio Pulse from Adam Eckert
Micron Technology Inc (NASDAQ:MU) reported fiscal Q2 earnings with revenue of $5.82 billion and adjusted EPS of 42 cents, surpassing analyst estimates. The company has beaten estimates for four consecutive quarters and expects Q3 revenue of $6.6 billion. Micron's strong performance and positive outlook, particularly in AI, drove its shares up 11.7% after hours.
March 20, 2024 | 8:19 pm
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Micron Technology Inc reported strong Q2 earnings, beating estimates with $5.82 billion in revenue and 42 cents EPS. The company forecasts a robust Q3, buoyed by AI opportunities.
Micron's Q2 earnings beat and positive Q3 guidance, especially its emphasis on AI opportunities, indicate strong future performance. This has already reflected in an 11.7% after-hours stock price increase, suggesting investor confidence and potential for continued growth.
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