Micron reports Q2 revenue up 196% YoY to $23.9B, vs. $19.7B est., expects 2026 capex to exceed $25B, vs. $22.4B est., and forecasts Q3 revenue above estimates
Micron Technology Inc. warned that it will need to spend heavily on production to meet burgeoning demand, overshadowing …
Bloomberg Dina Bass
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Discussion
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@garyblack00
Gary Black
on x
$MU -3% AH after 2Q results easily beat estimates, and offered a much stronger than expected 3Q outlook. MU is a leading manufacturer of memory chips and data storage solutions, benefiting from AI-driven demand for high-bandwidth memory and data center applications. 2Q results:
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@stocksavvyshay
Shay Boloor
on x
$MU nearly made as much this quarter ($24B) as it did in all of 2024. That tells you a lot about who holds the pricing power in the AI supercycle right now. [image]