Micron Technology Inc
MU: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|!& | LOCK|!c | LOCK|fGQQF# |
Micron Earnings: What Goes Up Must Come Down … Eventually
Micron Technology reported eye-watering May-quarter results, beating revenue and earnings guidance by 24% and 31%, respectively. Revenue rose 346% year over year to $41 billion, non-GAAP gross margin rose to 85% (39% a year ago), and guidance implies further growth and margin expansion.
