Data Center
Micron Fiscal Q2: Record-Breaking Fundamentals
As someone who looks at hundreds of earnings reports a year, there are times an earnings report shatters expectations like an Olympian breaking a record or an athlete leaving no doubt who is the best in the game. Micron did this by dropping an earnings report so strong on fundamentals that I cannot recollect seeing one quite like this. Micron blew the doors off with revenue growth of 196.3% YoY and up 75% QoQ for a beat of 22.3% on a massive revenue base of about $24 billion a quarter. The forward fiscal Q3 growth is eye-watering at 260.2% YoY and 40.4% QoQ. This is nearly 100 points higher than what analysts had slated for fiscal Q3 with consensus at 150.2% growth YoY.
Sign in to read the full article
Sign in with your I/O Fund account to check your plan access.
