Micron Surges After Blowout Q2; AI Demand Fuels Strong Q3 Outlook
TL;DR Summary
Micron Technology delivered a dramatic Q2 beat with revenue up 196% YoY to $23.86B and EPS of $12.20, well above expectations. It issued a bullish Q3 guide of about $33.5B in revenue and $19.15 EPS with an 81% gross margin, driven by AI-driven memory demand amid DRAM/NAND tightness. The results support a bullish thesis on MU, with momentum and revisions backing a Buy rating, potentially making pullbacks attractive dip buys.
- Micron Just Smashed Estimates - Buy The Dip (NASDAQ:MU) Seeking Alpha
- Micron revenue almost triples, tops estimates as demand for memory soars CNBC
- Micron (MU) Gives Upbeat Forecast After Demand Soars for Memory Chips Bloomberg.com
- Micron forecasts strong revenue on AI boom; higher spending plan knocks shares Reuters
- Micron (MU) Reports Earnings Tomorrow: What To Expect Yahoo Finance
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