Micron beats by $0.13, beats on revs; guides Q3 EPS in-line, revs above consensus
4:04 PM ET 3/20/25 | Briefing.com
Reports Q2 (Feb) earnings of $1.56 per share, excluding non-recurring items, $0.13 better than the FactSet Consensus of $1.43; revenues rose 38.2% year/year to $8.05 bln vs the $7.9 bln FactSet Consensus.Non-GAAP gross margin of $37.9% compared to 39.5% in Q1.Co issues guidance for Q3, sees EPS of $1.57, +/- $0.10, equating to EPS of 1.47-1.67, excluding non-recurring items, vs. $1.52 FactSet Consensus; sees Q3 revs of $8.80 bln, +/- $200 mln, equating to revenue of 8.60-9.0 vs. $8.48 bln FactSet Consensus."Micron delivered fiscal Q2 EPS above guidance and data center revenue tripled from a year ago," said Sanjay Mehrotra, Chairman, President and CEO of Micron Technology. "We are extending our technology leadership with the launch of our 1-gamma DRAM node. We expect record quarterly revenue in fiscal Q3, with DRAM and NAND demand growth in both data center and consumer-oriented markets, and we are on track for record revenue and significantly improved profitability in fiscal 2025."
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