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In the second quarter, Micron Technology achieved an adjusted revenue of US$23.86 billion, marking a substantial surge from the US$8.05 billion recorded in the corresponding period of the previous year. This figure not only demonstrates remarkable growth but also outperforms the projected estimate of US$19.74 billion. Similarly, the adjusted earnings per share soared to US$12.20, a significant leap from US$1.56 in the same quarter last year, and surpassing the anticipated US$9.00.
Looking forward to the third quarter, Micron Technology anticipates its adjusted revenue to range between US$32.75 billion and US$34.25 billion, a forecast that considerably exceeds the estimated US$23.66 billion. Furthermore, the company expects its adjusted earnings per share to fall within the range of US$18.75 to US$19.55, again surpassing the projected US$11.29.
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