The highest quarterly earnings per share in the company's history was recorded at $4.66 previously. Current quarterly projections in the $8-10 range place $Micron Technology(MU)$ in uncharted territory. The forecasted annual earnings per share of $31 would triple the company's historical peak. Projections of incremental growth reaching the mid-30s in subsequent years signify a fundamental shift from a cyclical chip supplier to a central player in the AI revolution.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments