Micron Reports Strong Q2 Results
<p><a href='https://financialmodelingprep.com/financial-summary/MU'>Micron Technology, Inc.(NASDAQ:MU) </a>reported strong Q2 results, with EPS coming in at $2.14, beating the consensus estimate of $1.97. Revenue was $7.79 billion, compared to the consensus of $7.53 billion.</p>
<p>Deutsch Bank analysts said they were impressed with the results, guidance and 2022 industry commentary by the company, but believe that the bearish investors heading into earnings will remain concerned about DRAM demand and pricing softening later in 2022. More in line with the company’s commentary, the analysts expect DRAM margins to continue to improve for the remainder of 2022 helped by its strength in server DRAM, which is now the largest revenue contributor in the DRAM business. </p>
<p>With their view that supply/demand dynamics for both DRAM/NAND should remain healthy in the near term and secular growth tailwinds (particularly in data center) continuing to drive growth, the analysts like the current set-up and maintain their Buy rating and $100 price target.</p>

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