Micron Analysts Project $20.58 EPS, $35.59B Revenue, Exceeding Company Guidance
MU has more than doubled off its 52-week low of $103.38.
Summary
Micron Technology is expected to report strong quarterly results on June 24, with analysts projecting earnings of $20.58 per share and revenue of $35.59 billion for the period ending May 31. These analyst estimates are notably above the company's own guidance of $18.75-$19.55 EPS and $32.75-$34.25 billion revenue issued in March. This follows a period of highly positive news for Micron, including sold-out HBM supply and surging demand for memory chips driven by AI. The market is setting a high bar, expecting Micron to outperform its own projections. The actual earnings report on June 24 will confirm these expectations.
At the time of this announcement, MU was trading at $1,239.71 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.4T. The 52-week trading range was $103.38 to $1,213.56. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.