Micron: profitability improves significantly in Q2
(CercleFinance.com) - Micron Technology reports non-GAAP EPS of $1.
56 for Q2, up from $0.42 a year earlier, with a non-GAAP operating margin up from 3.5% to 24.9%.
The chipmaker's revenues rose by over 38% to $8.05bn, with strong execution and robust demand for artificial intelligence underpinning a tripling of data center revenues.
We're extending our technology leadership with the launch of our 1-gamma DRAM, says CEO Sanjay Mehrotra, who claims to be on track for record sales and significantly improved profitability in FY 2024-25.
For the current quarter, the Boise, Idaho-based group anticipates record quarterly sales of $8.6bn-$9bn, with a non-GAAP EPS of $1.47-$1.67.
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