From Financial Modeling Prep: 2025-03-21 08:02:00

Micron Technology (NASDAQ:MU) exceeded Q2 expectations with earnings per share of $1.56 and revenue of $8.05 billion, driven by strong demand from data center and consumer markets. However, a mixed outlook for Q3 caused the stock to drop over 3% in pre-market trading.

Despite reporting strong Q2 results, Micron’s guidance for Q3 fell short of expectations, with projected revenue between $8.6 billion and $9 billion and EPS between $1.47 and $1.67, below analyst estimates.

The company remains confident in a strong year ahead, expecting record Q3 revenue and improved profitability in fiscal 2025. However, a projected gross margin of 36.5% for Q3, lower than the previous quarter and Street estimates, raises concerns about short-term profitability.



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