Micron (MU) Expects 268% Revenue Growth by June 24 Earnings Report
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowMicron Technology (MU) is set to report its fiscal third-quarter results on June 24, with analysts projecting revenue of approximately $34.8 billion and earnings of $19.72 per share, reflecting 268% revenue growth and over 930% earnings growth year-over-year. The company's stock has appreciated 830% in the past year and nearly 300% year-to-date. Despite this substantial gain, Wall Street demands a beat-and-raise scenario to sustain the momentum. Micron currently trades at under 10 times forward earnings, with a PEG ratio of 0.07, indicating its favorable valuation compared to some peers.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Micron Technology Inc. (MU)
Micron Technology is a leading maker of memory chips, spanning DRAM and NAND flash.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier MU news
- Micron Earnings Ahead: Nvidia, SpaceX, U.S.-Iran Talks Impact Stocks
- Micron Technology (MU) Stock Surges 130% Led by AI Demand in 2026
- Intel (INTC) and Micron (MU) lead premarket stock movements today
- Micron (MU) Bulls See Positive Memory Trends Ahead of Earnings
- Micron (MU) and AMD (AMD) Lead Chip Stocks Rally Amid U.S.-Iran Deal
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
Related News
Aeromexico Plans New US Flights After Washington Lifts Restrictions
Oct 19
SpaceX AI Computing Power Rental Driving Revenue Growth but Raising Costs
Oct 19
Apple (AAPL) Announces Oct. 28 Product Launch for Pro Devices
Oct 19
Nasdaq Leads Tech Rally with Oil Prices Falling and Yields Rising
Oct 19