MU - Micron Q2 Earnings: A Blowout Report

2024-03-21 09:03:46 ET

Summary

• Micron reported a blowout quarter with adjusted EPS of $0.42 and revenue of $5.82b, beating expectations significantly.
• The company provided strong guidance for Q3, expecting non-GAAP EPS between $0.38-$0.52 and revenue of $6.4b to $6.8b.
• Micron's growth story is driven by AI demand, tight supply, and the expansion of the high bandwidth memory (HBM) market.

Setting the Stage: Memory and Logic

Micron Technology, Inc. ( MU ) is an American IDM (Integrated Device Manufacturer) that designs and manufactures memory semiconductors. The company is a leading provider of DRAM (Dynamic Random Access Memory) and NAND Flash chips....

For further details see: