Core Insights - Micron Technology, Inc. reported an earnings per share (EPS) of $3.03, exceeding the estimated $2.86, indicating strong financial performance [1][6] - The company generated revenue of $11.32 billion, slightly below the estimated $11.83 billion, but showed significant year-over-year EPS growth from $1.18 [2][6] - Growth in AI data centers has been a key driver of Micron's robust performance, contributing to increased investor confidence and a surge in stock price during extended trading [3][6] Financial Metrics - Micron's price-to-earnings (P/E) ratio stands at approximately 29.89, reflecting a premium investors are willing to pay for its earnings [4] - The price-to-sales ratio is about 5.51, and the enterprise value to sales ratio is 5.68, indicating strong valuation relative to revenue [4] - The enterprise value to operating cash flow ratio is 12.65, suggesting efficient cash generation from operations [5] - An earnings yield of 3.35% provides insight into shareholder returns, while a debt-to-equity ratio of 0.32 indicates low leverage [5] - The current ratio of 2.75 reflects a strong ability to cover short-term liabilities [5]
Micron Technology, Inc. (NASDAQ:MU) Surpasses Earnings Expectations