BUZZ -PREVIEW: Micron Technology rises ahead of Q2 results

Reuters
03-20
BUZZ -PREVIEW: Micron Technology rises ahead of Q2 results

** Shares of memory chipmaker Micron Technology MU.O rise 1.5% to $103.60 ahead of Q2 results due after markets close

** Wall Street expects Q2 revenue of $7.89 bln vs $5.82 bln a year earlier, according to data compiled by LSEG

** Analysts estimate adj. EPS of $1.42, compared with 42 cents a year earlier

** Raymond James said earlier this week that MU remains on track to achieve high bandwidth memory chips market share in-line with its overall dynamic random access memory chips market share this year

** Brokerage says that while near-term memory chips pricing remains weak, it expects some stabilization in H2 2025

** "Sentiment around MU overall feels mixed into the print with Asian investors leaning long while U.S. investor expectations seem much more cautious," Bernstein analyst Michael Chiang says

** Of 39 analysts covering the stock, 34 rate "buy" or "higher", four "hold" and one "sell", median PT $125 - LSEG

** Including session's moves, MU up ~23% vs. ~7% decline in Philadelphia SE Semiconductor Index .SOX, YTD

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com; https://twitter.com/i_jass))

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