Micron Technology (MU) Tops Q1 EPS by 7c, Offers Q2 Guidance
Micron Technology (NASDAQ: MU) reported Q1 EPS of $0.78, $0.07 better than the analyst estimate of $0.71. Revenue for the quarter came in at $5.77 billion versus the consensus estimate of $5.73 billion.
GUIDANCE:
Micron Technology sees Q2 2021 EPS of $0.82-$0.68, versus the consensus of $0.63. Micron Technology sees Q2 2021 revenue of $5.6-6.0 billion, versus the consensus of $5.5 billion.
The following table presents Micron’s guidance for the second quarter of 2021:
| FQ2-21 | GAAP(1) Outlook | Non-GAAP(2) Outlook | ||||||
Revenue | $5.8 billion ± $200 million | $5.8 billion ± $200 million | ||||||
Gross margin | 25% ± 1% | 31% ± 1% | ||||||
Operating expenses | $882 million ± $25 million | $825 million ± $25 million | ||||||
Interest (income) expense, net | $37 million | $35 million | ||||||
Diluted earnings per share | $0.41 ± $0.07 | $0.75 ± $0.07 | ||||||
For earnings history and earnings-related data on Micron Technology (MU) click here.