Micron Technology, Inc. ($MU) Earnings (Q2 FY22)

Micron Technology, Inc. ($MU) Earnings and Opinion:


Micron Technology ($MU) is a company in the Technology sector and operates in the Semiconductors industry. They manufacture and sell memory and storage products worldwide. The company was founded in 1978 and is currently headquartered in Boise, Idaho. The company was first traded on the stock market in 1984. 

Micron Technology EPS and Revenue (Q2 FY22):

  • EPS of $2.14 beating expectations of $1.98
  • Revenue of $7.79B beating expectations of $7.54B
  • EPS was up 118% (YOY) and Revenue was up 24.8%
Micron Technology Q3 Outlook:
  • Revenue of $8.7B +/- $200M
  • EPS of $2.46 +/- $0.10
Opinion:
Micron Technology is currently trading upwards after reporting earnings after todays closing bell. Micron reported strong earnings reports and suggested an even stronger quarter for Q3. The company is seeing an increase in sales and also a lot of development in their product. With semiconductors such a hot commodity right now with a shortage lingering, it is not wonder why this company continues to thrive. Micron does also distribute a dividend in a small amount, but it is a start to something. I think this business continues to strive in the right direction and should be an eye-opener. Personally, I do not have a position in this company, nor have I really dove deep into analysis on Micron. However, after reviewing this earnings report, it caught my eye. I see a lot of potential with this company, especially in the short-term. I can see upside whether it be in the short-term or the long-term. Micron should continue to grow its profit and be able to distribute more and more to shareholders while they continue the normal expansion of sales of their chips. 

*Information from Micron, Yahoo Finance, and Zacks

Comments

Post a Comment

Popular posts from this blog

Weekly Earnings Review: September 25, 2023- September 29, 2023

     It was a nice little break in the earnings report, but just like that we are back! We are slowly easing our way back into earnings season. However, this week marked the end of Q3 and September. September was a downturn from the rally we saw earlier in the year. There is a lot of stuff looming as the government is set to shut down on October 1st. The Fed is keeping a close eye on inflation but this weeks prints showed some signs of improvement. The average consumer is struggling as savings keep dwindling. In terms of our earnings, we just had two companies that reported this week. One is a warehouse style retailer and the other is a wide range consulting firm.  Tuesday, September 26, 2023 Costco Wholesale Corporation (COST)-     Costco beat expectations on both the top and bottom line. The stock saw a decline after the initial earnings report, but by the end of the week it has hit a new 52-week high. The revenue growth was impressive as it grew by a hair under 10%. The COGS growth
Read more

Weekly Earnings Review: October 16, 2023- October 20, 2023

      Well earnings season is finally among us, so we will start producing more beefier blog posts and cover a lot more companies over these next few weeks. I had one company report last week that I decided to throw into this weeks post, because I felt that it was pointless to make a post with just one boring company. With the inclusion of that company, we will cover 7 companies that report earnings this week and will give your our thoughts and opinions on how they performed during the quarter and the outlook. There is a lot of controversy going on with a war breaking out in Israel and the House of Representatives with out a speaker. This year seems to be the year of how geopolitics affect the market. There seems to be a lot of confusion with the outlook of the market right now, but inflation numbers still look to be fair and the earnings of major companies will be able to tell us a little bit more about where this is headed.  Thursday, October 12, 2023 Walgreens Boots Alliance (WBA)-
Read more

Weekly Earnings Review: November 27, 2023- December 1, 2023

Image
     Stocks continue to rise as we enter the final month of trading for the year. The S&P 500 and Nasdaq had another stellar month. Bond yields continue to fall, as interest rates have seemed to reach their peak. Estimates are all over the place when it comes to when cutting will start and how many cuts we will see next year. I added a new mantra to particular companies. I want to add some visual pieces to the post to entice the readers. Hope you guys enjoy the visuals and the excerpts. Stay investing! Monday, November 27, 2023 Zscaler (ZS)-      Zscaler continues to carry its momentum, as the company beat on both the top and bottom lines. The company achieved 40% growth on the top line and saw impressive growth on the bottom line as well. Management raised guidance and are expecting around 30% growth on both the top and bottom line. What is so impressive about this company is that they are achieving high growth and high profitability. This is a feat that a lot of software companie
Read more