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Micron (MU) Surpasses Q2 Earnings and Revenue Estimates
MUMicron Technology(MU) ZACKS·2025-03-20 22:11

Core Insights - Micron reported quarterly earnings of 1.56pershare,exceedingtheZacksConsensusEstimateof1.56 per share, exceeding the Zacks Consensus Estimate of 1.43 per share, and showing a significant increase from 0.42pershareayearago,representinganearningssurpriseof9.090.42 per share a year ago, representing an earnings surprise of 9.09% [1] - The company achieved revenues of 8.05 billion for the quarter ended February 2025, surpassing the Zacks Consensus Estimate by 1.97% and up from 5.82billionyear−over−year[2]−Micron′sstockhasincreasedbyapproximately21.35.82 billion year-over-year [2] - Micron's stock has increased by approximately 21.3% since the beginning of the year, contrasting with a -3.5% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 1.48 on revenues of 8.47billion,andforthecurrentfiscalyear,itis8.47 billion, and for the current fiscal year, it is 6.64 on revenues of $35.07 billion [7] - The trend of estimate revisions for Micron has been unfavorable leading up to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Computer - Integrated Systems industry, to which Micron belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, suggesting potential challenges ahead as the top 50% of industries outperform the bottom 50% by more than 2 to 1 [8]