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

Micron (MU) reported Q3 FY2025 earnings of $1.91 per share (versus $0.62 per share in Q3 FY2024), strongly beating analysts’ consensus estimate of $1.60 per share.

The company’s quarterly revenues amounted to $9.301 bln (+36.6% y/y), strongly beating analysts’ consensus estimate of $8.863 bln.

The company also issued upside guidance for Q4 FY2025, seeing EPS of $2.50, +/- $0.15, equating to EPS of $2.35-$2.65, versus analysts’ consensus estimate of $2.03 and revenues of $10.7 bln, +/- $300 mln, equating to revenue of $10.4-$11.0 bln, versus analysts’ consensus estimate of $9.9 bln.

MU rose to $129.95 (+2.12%) in pre-market trading.