Micron Technology (MU) reported quarterly results that topped analysts' estimates and issued a better-than-expected outlook, sending shares higher in extended trading Thursday.
Micron Technology beat expectations for its fiscal second quarter thanks to strong data-center business. MU stock rose on the news.
Micron Technology Inc (NASDAQ:MU) shares moved higher after Thursday's closing bell as the company's fiscal second quarter earnings came in ahead of expectations. Revenue for the period was $8.05 billion, up from $5.82 billion in the year-ago quarter and beating the Wall Street consensus of $7.9 billion.
Micron reported fiscal second-quarter results that beat analysts' estimates and offered better-than-expected guidance. Revenue increased 38% from a year earlier to $8.05 billion.
Micron Technology forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high bandwidth memory (HBM) chips used by the AI industry.
Micron Technology, Inc. MU will release its second-quarter financial results after the closing bell on Thursday, March 20.
Semiconductor maker Micron Technology Inc (NASDAQ:MU) is set to report fiscal second-quarter earnings after the close on Thursday, March 20.
MU's Q2 performance is likely to reflect the benefits of rising investments in AI and strategic partnerships with tech giants.
Micron Technology (MU) is scheduled to report fiscal second-quarter results after the market closes Thursday, with analysts largely bullish on the Nvidia (NVDA) partner's stock.
MU's Q2 performance is likely to have benefited from strong demand for memory chips used for GPU-enabled AI servers and an improving demand-supply environment.
Micron Technology's recent guidance was disappointing, leading me to downgrade my rating from a strong buy to a buy. Despite the guidance miss, Micron's long-term growth prospects remain strong, with potential EPS reaching $11-13 in fiscal 2026. Analysts remain bullish, with price targets suggesting 30-50% upside by year-end 2025, and potential for $300-350 by 2030 in a bullish scenario.
Three catalysts drove AT&T's (T 1.05%) stock price nearly 50% higher over the past two years.