Micron Technology (MU) Tops Q2 EPS by 8c, Offers Q3 Guidance
Micron Technology (NASDAQ: MU) reported Q2 EPS of $0.45, $0.08 better than the analyst estimate of $0.37. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.68 billion.
GUIDANCE:
Micron Technology sees Q3 2020 EPS of $0.55 at mid-point, versus the consensus of $0.53. Micron Technology sees Q3 2020 revenue of $4.6-5.2 billion, versus the consensus of $4.87 billion.
| FQ3-20 | GAAP (1) Outlook | Non-GAAP (2) Outlook |
| Revenue | $4.6 billion - $5.2 billion | $4.6 billion - $5.2 billion |
| Gross margin | 30% ± 1.5% | 31% ±1.5% |
| Operating expenses | $891 million ± $25 million | $825 million ± $25 million |
| Interest (income) expense, net | $38 million | $35 million |
| Diluted earnings per share | $0.41 ± $0.15 | $0.55 ± $0.15 |
For earnings history and earnings-related data on Micron Technology (MU) click here.