Micron Q2 earnings beats estimates: 'Demand for chips is set to increase,' analyst says

Shares of Micron (MU) are trading higher on Wednesday afternoon after the company released its second quarter report. The company reported a revenue of $5.82 billion for the quarter versus an expected $5.33 billion. Micro also issued guidance for its third quarter, estimating $6.6 billion in revenue, beating Wall Street's expectations of $6.02 billion.
New Street Research Analyst Rolf Bulk joins Yahoo Finance to discuss the drivers behind Micron's revenue beat and the broader memory space.
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoo-finance