Memory chip maker Micron (NYSE:MU) will report results tomorrow after the market closes. Here you can find out what you should pay attention to.

Micron beat analysts’ revenue expectations by 1.4% last quarter, reporting revenue of $7.75 billion, up 93.3% year over year. It was a very strong quarter for the company, with an impressive increase in analyst estimates for adjusted operating income and revenue guidance for the next quarter that exceeded analyst expectations.

Is Micron a buy or sell when it comes to profits? Read our full analysis here, it’s free.

This quarter, analysts expect Micron’s revenue to rise 84.2% year-over-year to $8.71 billion, an improvement from the 15.7% increase in the year-ago quarter. Adjusted earnings are expected to be $1.77 per share.

Analysts covering the company have generally reaffirmed their estimates over the past 30 days and expect the company to remain on track toward earnings. Micron has missed Wall Street’s revenue estimates twice in the last two years.

With Micron becoming the first of its peers to report earnings this season, we don’t have to look anywhere else for an indication of how this quarter will pan out for semiconductor stocks. However, there has been positive investor sentiment in this segment, with share prices rising an average of 8.5% over the last month. Micron is up 11.5% over the same period and is heading toward profitability with an average analyst price target of $145.92 (compared to the current share price of $108.77).

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