Q2 Earnings: 2 Winners and 1 Loser So Far

Micron (MU) and Citigroup (C) delivered standout Q2 results, while IBM's preliminary earnings disappointed sharply. Micron crushed estimates with $41.5B in sales (up 350% YoY) and earnings surging 1340% YoY, driven by AI-fueled memory demand; it remains a Zacks Rank #1 Strong Buy.

Why it matters: Citigroup beat EPS by over 15% with $24.8B in revenue (14% YoY growth), raised its dividend 12%, and launched a $30B buyback program.