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Micron Technology Expected To Report Strong Q2 2024 Results

Micron Micron Technology Memory

The company logo is seen on the Micron Technology Inc. offices in Shanghai

Micron Technology (NASDAQ: MU) is gearing up to release its Q2 2024 results around March 20, with expectations running high for a strong quarter. The company is anticipated to benefit from increased pricing for DRAM memory and heightened demand for High Bandwidth Memory aimed at AI applications.

Micron has forecasted revenues in the range of $5.1 billion to $5.5 billion for the quarter, representing a substantial 42% year-over-year increase. The company is also projecting an adjusted net loss of $0.28 per share at the mid-point.

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