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Micron Delivers Upbeat Guidance as Results Beat in Q2 -Breaking

by Mike Robinson

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© Reuters. The Micron Revenue Beats in Q2

By Yasin Ebrahim

Micron (NASDAQ 🙂 has a brighter outlook for its current fiscal period than was expected after Micron’s second quarter results beat expectations. The chipmaker is fueled by increasing memory demand.

Following the publication, Micron shares rose by about 4% after hours trade.

Micron posted earnings per share (EPS) of $2.14 for revenue $7.79B. Investing.com polled analysts and predicted EPS at $1.98 for revenue $7.53B.

“We’re leading the industry in technology across DRAM and NAND, and our product portfolio momentum is accelerating,” the company said.

The company is projecting fiscal third-quarter results that exceed expectations and stated it will build upon its first-half performance to achieve “record revenues and strong profitability” in fiscal 2022.

The company reported adjusted EPS at $2.46 for Q3 on revenues of $8.7billion, as compared to consensus estimates of $2.25 billion and $8.16billion, respectively.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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