Categories AlphaGraphs, Earnings, Technology

Micron (MU) Q3 2021 Earnings Infographic: Results beat estimates amid strong demand

Semiconductor firm Micron Technology Inc. (NASDAQ: MU) reported stronger-than-expected revenues and earnings for the third quarter of 2021.

Micron Q3 2021 earnings infographic

Third-quarter profit, excluding one-off items, more than doubled to $1.88 per share from $0.82 per share a year ago. The bottom-line growth was driven by a 36% increase in revenues to $7.42 billion.

Unadjusted profit was $1.74 billion or $1.52 per share, compared to $803 million or $0.71 per share in the third quarter of 2020. Both revenues and earnings exceeded the consensus estimate.

“Our industry-leading 1α DRAM and 176-layer NAND now represent a meaningful portion of our production, and Micron is in the best position ever to capitalize on the long-term demand trends across the data center, intelligent edge and user devices,” said Micron’s CEO Sanjay Mehrotra.


Read management/analysts’ comments on Micron’s Q3 earnings


Micron’s stock closed Wednesday’s regular session higher but declined in the after-hours trading.

Prior Performance

  • Micron Q4 2020 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

LMT Earnings: Key numbers from Lockheed Martin Q2 2021 financial results

Lockheed Martin Corp. (NYSE: LMT) today reported its second-quarter financial results for the period ended June 27, 2021. Net revenues increased 5% to $17.02 billion. Net income for the first

HAS Earnings: Key quarterly highlights from Hasbro Q2 2021 financial results

Hasbro, Inc. (NASDAQ: HAS) reported second quarter 2021 earnings results today. Total revenues increased 54% year-over-year to $1.32 billion. The company reported a net loss of $22.9 million, or $0.17

Earnings calendar for the week of July 26

After showing weakness at the beginning of the week, benchmark stock indexes made steady gains even as economic recovery gathered steam. On Friday, the S&P 500 index crossed the 4,400-mark

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top