Micron Q2 Beat Masks Capital Spending Bets as AI Demand Fuels Growth
TL;DR Summary
Micron posted a strong fiscal Q2 with adjusted EPS of $12.20 and revenue of $23.86 billion, driven by broad DRAM/NAND/HBM demand. The company also raised its dividend 30% to $0.15 per share. Management expects another record Q3 with revenue around $33.5 billion and EPS near $18.75–$19.55, while signaling higher capital spending, which helped push the stock lower in after-hours trading despite the upbeat results.
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