Micron Technology (MU) Tops Q2 EPS by 8c, Offers Q3 Guidance

March 25, 2020 4:02 PM EDT

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.


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.

FQ3-20GAAP (1) OutlookNon-GAAP (2) Outlook
Revenue$4.6 billion - $5.2 billion$4.6 billion - $5.2 billion
Gross margin30% ± 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.

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