Company news: Micron’s (MU) quarterly earnings beat analysts’ expectations

Micron (MU) reported Q1 FY2025 earnings of $1.79 per share (versus $(0.95) per share in Q1 FY2024), beating analysts’ consensus estimate of $1.76 per share.

The company’s quarterly revenues amounted to $8.709 bln (+84.3%% y/y), roughly in line with analysts’ consensus estimate of $8.714 bln.

The company also issued downside guidance for Q2 FY2025, seeing EPS of $1.43, +/- $0.10, equating to $1.33-$1.53 versus analysts’ consensus estimate of $1.91 and revenues of $7.90 bln, +/- $200 mln, equating to $7.70-$8.10 bln versus analysts’ consensus estimate of $8.94 bln.

MU fell to $87.52 (-15.77%) in pre-market trading.