Micron Technology (MU) Q2 Revenue Misses Consensus, Offers Guidance

(Updated - March 28, 2023 4:06 PM EDT)

(Updated - March 28, 2023 4:06 PM EDT)

Micron Technology (NASDAQ: MU) reported Q2 EPS of ($1.91), may not compare to the analyst estimate of ($0.66). Revenue for the quarter came in at $3.69 billion versus the consensus estimate of $3.74 billion.

• Inventory write-downs of $1.43 billion, impact of $1.34 per diluted share

GUIDANCE:

Micron Technology sees Q3 2023 EPS of ($1.51)-($1.65), versus the consensus of ($0.90). Micron Technology sees Q3 2023 revenue of $3.5-3.9 billion, versus the consensus of $3.7 billion.

For earnings history and earnings-related data on Micron Technology (MU) click here.

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