CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Micron share price up 14% after Q3 results revenue beat

The chipmaker's stock rises after a better-than-expected Q3 earnings report.

Micron share price surged after a better-than-expected Q3 earnings report. Micron’s Q3 earnings and revenue surpassed expectations.

Micron earnings: key figures

Earnings per share $1.05
Revenue $4.79 billion

Micron’s Q3 profits survive Huawei ban

Micron’s Q3 earnings per share were $1.05, surpassing the expected $0.79 per share. Micron’s Q3 revenue was $4.79 billion, exceeding the predicted $4.69 billion.

Financial analysts had diminished expectations for Micron’s Q3 revenue after the US imposed a ban on American companies conducting business with Huawei. Micron chief executive officer (CEO), Sanjay Mehrotra, explained how the chipmaker company complied with the US trade ban, but still found a way to conduct business with Huawei.

‘To ensure compliance Micron immediately suspended shipments to Huawei and began a review of Micron products sold to Huawei to determine whether they are subject to the imposed restrictions,’ said Mehrotra.

‘Through this review we determined that we could lawfully resume shipping a subset of current products because they are not subject to export administration regulations and entity list restrictions. We have started shipping some orders of those products to Huawei in the last two weeks,’ added Mehrotra.

How did Micron’s Q3 results compare to other chipmaker companies?

Micron’s Q3 profits were similar to AMD’s Q1 earnings report. Both companies beat earnings and revenue expectations.

Micron’s Q3 results were better than Broadcom’s Q2 earnings report. Broadcom had a mixed report, with high earnings and reduced revenue. Micron had positive earnings and revenue.

What’s Micron’s Q4 outlook?

Micron expects Q4 revenue to be between $4.3 billion - $4.7 billion. Micron’s Q4 earnings per share are projected to be $0.45.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

Act on share opportunities today

Go long or short on thousands of international stocks with CFDs.

  • Get full exposure for a comparatively small deposit
  • Trade on spreads from just 0.1%
  • Get greater order book visibility with direct market access

See opportunity on a stock?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Trade a huge range of popular stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.