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Aditya Sarawgi

Micron Technology Earnings Preview: What to Expect

Micron Micron Technology MU

Boise, Idaho-based Micron Technology, Inc. (MU) is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a market cap of $101.5 billion, Micron’s operations span the Americas, Europe, and Indo-Pacific. The company offers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through its Micron and Crucial brands.

It is expected to announce its second-quarter results on Wednesday, Mar. 19. Ahead of the event, analysts expect MU to report a non-GAAP profit of $1.28 per share, up a staggering 374.1% from $0.27 per share reported in the year-ago quarter. Furthermore, the company has surpassed analysts’ EPS estimates in each of the past four quarters. Its adjusted EPS of $1.62 for the last reported quarter surpassed the consensus estimates by 1.3%.

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