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Investing.com — Micron (NASDAQ:MU) delivered better-than-expected outlook for its current fiscal quarter after the chipmaker’s second-quarter results topped expectations, driven by growing memory demand.
Micron shares gained about 4% in after-hours trading following the report.
Micron announced earnings per share of $2.14 on revenue of $7.79 billion. Analysts polled by Investing.com anticipated EPS of $1.98 on revenue of $7.53 billion.
“We’re leading the industry in technology across DRAM and NAND, and our product portfolio momentum is accelerating,” the company said.
Looking ahead, the company forecast fiscal third quarter results to top expectations, and said it would build on its strong first-half results to deliver “record revenue and robust profitability in fiscal 2022.”
For third quarter, the company guided adjusted EPS of $2.46 on revenue of $8.7 billion, compared with consensus of $2.25 and $8.16 billion, respectively.
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