Recap: Micron Technology Q1 Earnings

Micron Technology MU reported its Q1 earnings results on Monday, December 20, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Micron Technology beat estimated earnings by 2.37%, reporting an EPS of $2.16 versus an estimate of $2.11, which did not surprise analysts.

Revenue was up $1,914,000,000 from the same period last year.

Last quarter the company beat on EPS by $0.09, which was followed by a 2.0% drop in the share price the next day.

Here's a look at Micron Technology's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	2.33	1.71	0.95	0.71
EPS Actual	2.42	1.88	0.98	0.78
Revenue Estimate	8.22B	7.23B	6.21B	5.73B
Revenue Actual	8.27B	7.42B	6.24B	5.77B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Micron Technology management provided guidance for their next quarter, expecting earnings between $2.0 and $2.2 per share for the nextquarter.

This represents a -2.78% in quarter-over-quarter growth for Micron Technology, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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