Micron Technology (MU) Reports Earnings Tomorrow: What To Expect
2024-09-24 10:00:44
Memory chips maker Micron (NYSE:MU) will be reporting earnings tomorrow afternoon. Here’s what to expect.
Micron Technology beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $6.81 billion, up 81.5% year on year. It was an exceptional quarter for the company, with a significant improvement in its gross margin and an impressive beat of analysts’ EPS estimates.
Is Micron Technology a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Micron Technology’s revenue to grow 90.5% year on year to $7.64 billion, a reversal from the 39.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.11 per share.
