What You Need To Know Ahead of Micron Technology's Earnings Report
What is the expected profit for Micron in Q3 FY 2024?
Micron is expected to report a profit for the third quarter of fiscal 2024, with analysts projecting revenue to come in at $6.7 billion and net income at $399.39 million. This marks a significant improvement compared to the previous year's loss of $1.9 billion in the same period.
How might Micron's partnership with Nvidia benefit its business?
Micron's partnership with Nvidia benefits its business by providing memory solutions for Nvidia's AI chips, positioning Micron to share in Nvidia's gains. As a key supplier of high-bandwidth memory chips used in Nvidia's AI GPUs, Micron can capitalize on the growing demand for AI technologies and the strong market performance of Nvidia. This partnership strengthens Micron's presence in the AI market and potentially drives its revenue growth.
What EPS is projected for Micron in Q3 FY 2024?
Micron's diluted earnings per share (EPS) for Q3 FY 2024 is projected to be 30 cents, according to analyst estimates compiled by Visible Alpha1. This is an improvement from a loss of $1.73 per share in the same period a year earlier.