Micron shares jump on earnings beat, rosy guidance as data center revenue triples
Portfolio Pulse from
Micron Technology reported impressive Q2 financial results, beating analyst expectations with a significant revenue increase of 38% and tripling its data center revenue. The company provided optimistic guidance for Q3, with projected revenue of $8.8 billion and adjusted earnings of $1.57 per share, which exceeded analyst estimates.
March 20, 2025 | 8:45 pm
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Micron's strong Q2 results, featuring tripled data center revenue and beating analyst expectations, suggests positive momentum for the company's stock in the short term.
Micron's exceptional Q2 performance, with revenue growth, earnings beat, and tripled data center revenue, indicates strong market positioning and potential for short-term stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100