Company Of The Day: Micron
What?
Micron (NASDAQ:MU) reported a stronger than expected set of Q2 FY’22 results (quarter ended March 3). While revenue rose by 25% year-over-year to $7.8 billion, adjusted earnings came in at $2.14 per share, up from $0.98 last year.
Why?
- Why Micron Stock Jumped 16%
- Up 50% And Then Down 25% This Year: What Explains These Wild Swings In Micron Stock?
- What’s Happening With Micron Stock?
- Our Digital Infrastructure Theme Which Includes Micron And Nvidia Surges 30% This Year On AI Demand. What’s Next?
- Up 52% This Year As Memory Market Picks Up, Will Micron Stock Rise Further Following Q3 Earnings?
- Up 30% This Year, Will AI Tailwinds Drive Micron Stock Higher?
Sales were driven by strong demand for NAND and DRAM from data centers and enterprise PCs.
So What?
While MU stock initially rose following the results, it gave up the gains, falling by almost 3% in Wednesday’s trading due to the broader market sell-off.
See Our Complete Analysis For Micron
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| Returns | Mar 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| MU Return | -11% | -15% | 261% |
| S&P 500 Return | 5% | -3% | 106% |
| Trefis MS Portfolio Return | 3% | -7% | 266% |
[1] Month-to-date and year-to-date as of 3/31/2022
[2] Cumulative total returns since the end of 2016
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