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

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

Micron Technology, Inc., Reports Results for the Second Quarter of Fiscal 2018

March 22, 2018 4:00 PM EDT

BOISE, Idaho, March 22, 2018 (GLOBE NEWSWIRE) -- Micron Technology, Inc., (NASDAQ: MU) today announced results of operations for its second quarter of fiscal 2018, which ended March 1, 2018.

Fiscal Q2 2018 Highlights

Revenues of $7.35 billion, up 58 percent compared with the same period last yearGAAP net income of $3.31 billion, or $2.67 per diluted shareNon-GAAP net income of $3.50 billion, or $2.82 per diluted shareOperating cash flow of $4.35 billion, compared with $1.77 billion for the same period last year (adjusted for the Inotera acquisition)

"Micron executed exceptionally well in the second quarter,... More