Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general, and administrative

Research and development

Restructure and asset impairments

Other operating expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Micron Technology

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute & Networking Business Unit (CNBU), Mobile Business Unit (MBU), Storage Business Unit (SBU), and Embedded Business Unit (EBU). The CNBU segment includes memory products sold into cloud server, enterprise, client, graphics, and networking markets. The MBU segment offers memory products sold into smartphone and other mobile-device markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets, and other discrete storage products sold in component and wafer forms. The EBU segment consists of memory and storage products sold into automotive, industrial, and consumer markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978, and is headquartered in Boise, ID.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q1 2025

Micron exceeds Q3 expectations amidst China uncertainty and inventory challenges

Micron's fiscal Q3 performance was strong, with revenue, gross margin, and EPS exceeding expectations. The company faces challenges due to the uncertain impact of the CAC decision in China and inventory write-downs. However, Micron's focus on technology leadership, investments in high-bandwidth memory products, and strategies to mitigate share loss present opportunities for future growth.

Micron tackles pricing challenges, eyes growth in data center

Micron navigated Q2 challenges with supply reduction measures and cost controls, aiming for normalized growth and profitability.
Despite facing pricing pressures, the company remains a leader in DRAM and NAND technology, with strong customer relationships and growth opportunities.
Anticipating recovery in industry profitability and free cash flow in fiscal 2024, bolstered liquidity and confident in supply actions for NAND business.
Transition to DDR5 technology and market opportunities in data center present growth potential, with a focus on improving margins through FY '24.

Micron Technology manages challenges, leverages innovation for growth

Micron Technology navigates challenges from the CAC ruling and cash flow dynamics while focusing on innovation, partnerships, and operational efficiencies.
The company faces inventory and margin challenges in the short term but aims to capitalize on growth opportunities in low-power memory products and high-capacity modules.
Despite industry TAM reductions, Micron's strategic positioning and supply management efforts position it well to address market demands and drive revenue growth.
Overall, Micron's performance reflects a balance of challenges, strengths, and opportunities in the evolving semiconductor market landscape.

Micron Technology navigates underutilization challenges, eyes positive gross margin

Micron Technology faces challenges with underutilization charges impacting earnings but is strategically investing in high-value segments and newer technologies to drive growth. The company expects positive gross margin in the second half of fiscal '24 and anticipates demand to return as customer inventories normalize.

Micron Technology anticipates pricing improvements for 2024 amidst challenges

Micron Technology's Q1 2024 earnings call showcased a focus on cost efficiencies, pricing improvements, and gross margin expansion, despite industry-wide challenges and inventory normalization delays.

Micron Technology reports solid Q2 performance amidst market challenges

Micron Technology's Q2 2024 performance reflects a focus on maintaining market share, disciplined investments, and meeting customer demands amidst challenges and opportunities.
The company's strengths in strong HBM demand, customer engagements, and strategic CapEx decisions position it for growth and margin profile improvements.
While facing challenges such as capacity constraints and cost structure improvements, Micron is leveraging opportunities in HBM demand, investments in NAND, and margin expansion strategies.

Micron Q3 2024: Strong HBM Focus, CapEx Expansion

Micron Technology's Q3 2024 earnings call highlighted a strategic focus on HBM market share growth and a significant CapEx ramp-up for technology transitions. The company is managing its inventory levels to match market demand, particularly in high-value sectors, and is seeing improvements in NAND profitability. Challenges remain with new U.S. projects and rising operating expenses, but opportunities in AI-driven demand and customer engagements present avenues for growth.

Micron Technology forecasts growth in AI servers and improved inventory management for fiscal '25

Micron Technology projects growth in AI servers and improved inventory management in fiscal '25. The company is strategically focusing on high-profit segments and technological advancements in DRAM bit shipments. Challenges include managing risks during margin expansion and transitioning DDR4 shipments to DDR5 and LP5.

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Cost of revenue

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SG&A

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EBITDA

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Earnings per share

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Cash & equivalents

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Purchase/sale of investments

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Change in stock

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Cash from other sources

Net change in cash

Free cash flow

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

The huge demand for memory used in AI chips is driving outstanding growth at Micron Technology. As it turns out, Micron's growth is expected to outpace Nvidia's growth in the future.

Is This Semiconductor Stock a Better Artificial Intelligence (AI) Buy Than Nvidia Right Now?

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Buy 5 Growth Stocks for a Strong July: STX, ANF, BV, GPS, MU

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Micron stock has soared over the past year on AI optimism. Demand for high-bandwidth memory (HBM) and rising prices for commodity memory chips are boosting Micron's top and bottom lines.

Micron Stock: 1 Reason to Buy and 1 Reason to Stay Away

Micron Technologies is experiencing a profitability upswing due to high demand for memory and storage products. The company beat profit estimates for 3Q24, with sales skyrocketing and plans for increased capital expenditures to meet demand. Micron Technologies' stock is undervalued, selling for less than 13.9x leading earnings, with potential for significant sales growth in 2025.

Micron Technologies: Profits Are Soaring And The Stock Is Likely Undervalued

Micron Technology reported FY2024 results and outlook, disappointing investors' high AI expectations after the June rally. We say load up on the pullback. Our positive outlook is based on our expectations of higher DRAM sales due to AI-driven demand for HBM and the arrival of AI PC in 2025. We expect hyper-demand from AI for HBM to put DRAM into shortage for the next 1-2 years, at least.

Micron: Market Overreacted, Time To Load Up - Maintaining Buy

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Gains among tech giants Super Micro Computer (SMCI), NVIDIA (NVDA) and Micron Technology (MU) helped the S&P 500 to post double-digit gains in the first half.

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Micron Technology, Inc. (NASDAQ:MU ) Post Earnings Q3 2024 Earnings Conference Call June 26, 2024 5:00 PM ET Company Participants Satya Kumar - IR Manish Bhatia - EVP, Global Operations Mark Murphy - CFO Sumit Sadana - EVP and Chief Business Officer Conference Call Participants CJ Muse - Cantor Fitzgerald Aaron Rakers - Wells Fargo Srini Pajjuri - Raymond James Brian Chin - Stifel Nicolaus Harsh Kumar - Piper Sandler Quinn Bolton - Needham & Company Vivek Arya - Bank of America Securities Operator Thank you for standing by. Welcome to Micron Technology's Post Earnings Analyst Call.

Micron Technology, Inc. (MU) Post Earnings Q3 2024 Earnings Call Transcript

I reaffirm my "strong buy" for Micron Technology, updating the fair stock price to $171.45 and projecting $275.07 by 2029, indicating 17.8% annual returns. Micron plans a $150 billion investment in manufacturing and R&D over the next decade, including building four new fabs with $20 billion in federal subsidies. Micron is third in the DRAM and NAND markets, trailing behind Samsung and SK Hynix. The company focuses on cost-efficiency to stay competitive.

My Lower Estimates Prove That Micron Is Being Underestimated

Micron Technology reported terrific growth and its guidance is solid. The booming demand for Micron's AI-focused high-bandwidth memory will help it sustain its strong growth momentum.

Where Will Micron Technology Stock Be in 1 Year?

Our theme of Internet Infrastructure Stocks – which includes a diverse set of companies that sell hardware and software that underpin the Internet including server processors, graphics units, memory, and networking equipment - has fared very well this year, rising by 31% year-to-date, well ahead of the Nasdaq 100, which remains up by roughly 20%. This follows a solid 2023, which saw the theme rise by 66% over the year.

Our Digital Infrastructure Theme Which Includes Micron And Nvidia Surges 30% This Year On AI Demand. What's Next?

Micron beat revenue and earnings expectations in fiscal Q3 2024, but stock price slumped in extended-hours trading. Concerns over lower-than-expected cash flow and just in-line guidance for the current quarter led to a downgrade in rating. Despite strong revenue growth driven by AI demand, cash flow underperformance and potential risks warrant a more cautious approach.

Micron Q3: Good Quarter, Bad Cash-Flow (Rating Downgrade)

Micron suffered from a 7% pullback post-earnings despite beating Q3 FY2024 expectations and providing better-than expected Q4 guidance, presenting a compelling buying opportunity. Its top-line growth has rebounded significantly from a 50% decline in FY2023, driven by the AI boom, with an expected 60.5% YoY growth in FY2024 and robust margin expansion. The Street remains bullish on MU's earnings growth outlook, projecting a significant 672.6% YoY non-GAAP EPS increase in FY2025.

Micron Technology: The Stock Trading At 14.7x P/E In 2025 Is A Buy (Rating Upgrade)

Micron (MU) dropped post-earnings, triggering a buy-on-weakness signal with SID Buy Signal and continued inclusion in our 2024MP Model Portfolio. MU outperforming Index trend, likely to attract portfolio managers adding to positions on pullback, identified support levels on the chart. Chart signals will show bottom for buying on weakness when portfolio managers start buying again at lower prices.

Micron: Short Term Sell Signal, But Long Term Buy Signal (Technical Analysis)

The market has overreacted to MU's double beat FQ3'24 earnings call and promising FQ4'24 guidance, with the stock losing -16% of its value since the recent peak. It is apparent by now that the pulled forward rally over the past few quarters have not been sustainable, with the stock still expensive here. Despite the robust generative AI tailwinds for MU's HBM/ SSD segments and the potential record high revenues in 2025, we believe that the stock needs another deep pullback to $110s.

Micron: The Meltdown Is Not Over - Still Expensive Here

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Forget Nvidia: Here's Another Spectacular Semiconductor Stock to Buy Right Now, According to Wall Street

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Micron Technology, Inc.'s delivery of robust F3Q24 results were overshadowed by a weaker than expected guidance, underscoring limitations to its ability in matching resilient industry growth levels. A deeper dive into its revenue drivers during F3Q24 also shows emerging cracks in the durability of Micron's long-term growth trajectory, given extended capacity restraints and intensifying competition. With elevated reliance on gradually dampening price tailwinds in the near-term, investors' focus will likely shift towards longer-term considerations, including execution risks on the Idaho and New York greenfield fabs.

Micron Q3 2024 Earnings: Brace For More Turbulence Ahead

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Disappointing guidance from memory-chip maker Micron Technology spurred selling among semiconductor stocks on Thursday.

Micron Stock Drops, Pulls Down Other Top Semiconductor Stocks

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Micron Technology, Walgreens Boots Alliance and Levi's were three of Thursday's biggest movers.

News for Micron Technology Stock (MU)