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

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

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.

Micron Technology Inc. (NASDAQ:MU) has recently garnered significant attention from analysts and investors alike, with a flurry of bullish ratings and raised price targets. Wolfe Research has notably set a new target of $200 for Micron's stock, an increase from its previous target of $150.

Wolfe Research sets $200 target for Micron: Can it hit the mark?

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Nvidia Corp. dominates coverage of the semiconductor industry, and this will continue as long as this company keeps blowing past even its own expectations for sales and profits each quarter. But there are other semiconductor manufacturers that are also growing quickly during this upcycle for the industry.

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“Bullish momentum remains intact for the S&P 500 and Nasdaq, but near-term overbought conditions coupled with deteriorating breadth make equities vulnerable to a pullback or correction,' said Craig Johnson at Piper Sandler.

8 Stocks Rising Impressively Alongside Megacaps

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Micron To Rally Around 23%? Here Are 10 Top Analyst Forecasts For Monday

Micron stock rallied 93% since last November due to the company's impressive renaissance after facing a bit of geopolitical headwinds during the 2022-2023 fiscal years. My analysis suggests that the company is poised to deliver strong quarterly earnings on June 26 with likely positive forward-looking comments from the management. My valuation analysis indicates that all positives are likely priced in, as MU stock is slightly overvalued.

Micron: All Positives Are Priced In Before Earnings

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Arm's lucrative royalty-based business benefits from the exploding demand for energy-efficient chips. Data centers need lots of memory capacity for AI to work properly, and that favors Micron Technology.

2 Semiconductor Stocks to Buy and Hold for Great Long-Term Potential

I am reiterating my Buy rating due to strong pricing dynamics and expected significant uplift in HBM revenues. The memory market is highly cyclical, with recent capacity constraints and strong demand leading to price increases and strong sales growth for Micron. Micron was late to the HBM market but is gaining share, and I believe the company is likely to beat on estimates in Q3 with compelling results and guidance.

Micron Q3 Earnings Preview: Stronger Than Expected Memory Recovery, Micron Remains A Buy

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The Fed's inflation measure is expected to be up 2.6% in a year. Earnings from Nike, Carnival, Micron, FedEx, and Walgreens.

Nike, Micron, FedEx, Carnival, and More Stocks to Watch This Week

The excitement surrounding artificial intelligence (AI) and its wide-ranging applications has been a major driver of the stock market rally this year. Conservative estimates place the market value of generative AI at around $1 trillion, with some projections even higher.

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Micron Technology NASDAQ: MU, a prominent semiconductor industry player, is poised to release its Q3 2024 earnings report on June 26th. This upcoming event has sparked considerable interest among investors and Micron's analyst community, leading to heightened stock price volatility in recent weeks.

Micron Technology Stock Volatility Despite Analyst Upgrades

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Certain stocks have seen big moves higher this year. Some of those stocks have risen based on better-than-expected financial results.

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Micron Technology, Inc. is benefiting from the AI enterprise wave, with revenue forecasts for 3Q 2024 higher than originally anticipated. Micron's HBM3E products cater to high-bandwidth memory market demand, allowing for higher profit margins. Micron's partnership with Nvidia and focus on AI-driven products positions them for strong growth in the memory market.

Micron Q3 Preview: AI Is Moving To Smartphones

After a week of firsts, Nike, FedEx and Micron Technology are leading the stock market through the last week to midyear.

Stock Market Heads For Midyear With Nike, FedEx And Micron Technology On Tap

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None of our picks is Nvidia or Apple or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth.

7 Best Stocks For Magnificent Earnings Growth Next Year

A Wolfe analyst doesn't think next week's earnings report will prove a ‘meaningful catalyst' for Micron shares. He's more enthused about earnings power over the medium term.

Micron's stock could wield 40% upside — even though earnings may not be a driver

Micron is back in growth mode, helped by strong demand from cloud providers, which use high-bandwidth memory in AI data centers.

Earnings Calendar Spotlight: Fast-Growing Micron Rides AI Wave To Big Profits

Get a deeper insight into the potential performance of Micron (MU) for the quarter ended May 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Seeking Clues to Micron (MU) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Micron (MU) is set to experience significant growth in its third-quarter fiscal 2024 earnings, fueled by the rising investments in AI and the growing demand for AI hardware.

Micron's (MU) Q3 Earnings to Gain From Rising Investments in AI

With the artificial intelligence boom showing no signs of cooling off, there's still time to buy some of the top strong buy AI stocks. For one, by 2026, the global AI market could be worth about $228.3 billion, according to Global Industry Analysts.

Wall Street Favorites: 3 AI Stocks with Strong Buy Ratings for June 2024

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Nvidia completed its high-profile stock split and got a huge vote of confidence from Wall Street, driving other AI stocks higher. One analyst thinks Micron's profits could double.

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Strong demand for memory chips used for GPU-enabled AI servers, along with an improving supply-demand environment and higher prices for DRAM and NAND, is likely to have aided Micron's (MU) Q3 performance.

Is Micron (MU) Likely to Beat Estimates This Earnings Season?

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Exactly a month ago, we pointed out that although Nvidia Corp.'s stock had risen 553% from three years earlier, its forward price-to-earnings valuation had declined. With so much in flux, as analysts rush to increase earnings estimates for tech-oriented companies whose sales and profits have been soaring, or are expected to do so, it is time to do another screen to highlight companies whose share prices have been rising quickly, but for which consensus rolling 12-month earnings estimates have been rising at a more rapid pace.

Nine hot stocks, including Nvidia, that have become more attractive by this critical metric

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An expected lower interest rate scenario should bode well for Alphabet (GOOGL), NVIDIA (NVDA), Micron Technology (MU), Vistra (VST) and CenterPoint Energy (CNP), making them a compelling buy now.

News for Micron Technology Stock (MU)