Categories AlphaGraphs, Earnings, Technology
Earnings Infographic: Micron (MU) stock gains on strong Q2 results
Micron Technology Inc. (NASDAQ: MU) reported stronger-than-expected revenues and earnings for the second quarter. The market responded positively to the impressive results and the chipmaker’s stock gained during Wednesday’s extended trading session.
Second-quarter profit, excluding one-off items, more than doubled to $0.98 per share from $0.45 per share a year ago. The bottom-line growth was driven by a 30% increase in revenues to $6.24 billion.
Unadjusted profit was $603 million or $0.53 per share, compared to $405 million or $0.36 per share in the second quarter of 2020.
“Our technology leadership in both DRAM and NAND places Micron in an excellent position to capitalize on the secular demand driven by AI and 5G, and to deliver new levels of user experience and innovation across the data center and intelligent edge,” said Micron’s CEO Sanjay Mehrotra.
Read management/analysts’ comments on Micron’s Q2 earnings
Both revenues and earnings exceeded the consensus estimate. Micron’s stock closed Wednesday’s regular session higher and continued to gain in the after-hours.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
STZ Earnings Preview: Can Constellation Brands leverage growing beer sales?
Constellation Brands, Inc. (NYSE: STZ) has effectively navigated challenges like cautious consumer spending and declining demand for its wine and spirits brands by capitalizing on the sustained growth in the
What to look for when Lamb Weston (LW) reports its Q3 2025 earnings results
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) stayed green on Friday. The stock has dropped 19% over the past three months. The French fry giant is slated to report
Walgreens Boots Alliance set to report Q2 earnings. Here’s what to expect
Walgreens Boots Alliance, Inc. (NASDAQ: WBA), a market leader in health and wellness services, is preparing to report second-quarter results, with market watchers forecasting a mixed outcome. As part of
