Micron (MU) reported Q2 FY2025 earnings of $1.56 per share (versus $0.42 per share in Q2 FY2024), beating analysts’ consensus estimate of $1.43 per share.
The company’s quarterly revenues amounted to $8.050 bln (+38.2% y/y), beating analysts’ consensus estimate of $7.897 bln.
The company also issued guidance for Q3 FY2025, seeing EPS of $1.57, +/- $0.10, equating to EPS of $1.47-1.67 versus analysts’ consensus estimate of $1.52 and revenues of $8.80 bln, +/- $200 mln, equating to revenue of $8.60-9.0 bln versus analysts’ consensus estimate of $8.48 bln.
MU fell to $99.25 (-3.64%) in pre-market trading.
