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

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

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Year over year growth in Revenue and Operating Expenses.

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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

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

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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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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 beat expectations and gave an optimistic outlook, making investors excited.

Should You Buy Micron Stock After the Excellent Earnings Report?

Micron reported strong fiscal Q4 results and offered solid Q1 guidance. The company is seeing strong demand for its HBM chips that go into AI chipsets.

Micron Shares Surge on Outlook, Defying Analyst Expectations. Is the Stock a Buy Now?

Advanced Micro Devices

Our theme of Internet Infrastructure Stocks which includes companies that sell hardware and software for server processors, graphics units, memory, and networking equipment, has returned about 31% year-to-date. This compares to the S&P 500 which remains up by about 21% over the same period.

Micron's Stellar Q4 Boosts Outlook For AMD And Key Tech Stocks

Dublin, Sept. 30, 2024 (GLOBE NEWSWIRE) -- The "Development and Strategic Position of the Global Semiconductor Industry Chain" report has been added to ResearchAndMarkets.com's offering. This report offers an overview of the global semiconductor market performance, analyzes the competitive landscape of three dynamic random access memory (DRAM) suppliers - Samsung, SK Hynix, and Micron - and explores the future development of 3D NAND and major wafer foundries through 2025. With escalating geopolitical risks, ongoing conflicts, tighter monetary policies in Europe and the U.S., and variables such as uncertainties from national elections and natural disasters, global economic performance is expected to remain flat or subdued compared to 2023. Despite the broader economic challenges, the semiconductor market is seeing a nearing completion of inventory adjustments.

Global Semiconductor Industry Chain Performance Report 2024-2025 Featuring 3 Dynamic DRAM Suppliers, Samsung, SK Hynix, and Micron - ICs Dominating the Market with Over 80% Share

Micron's 4Q FY2024 earnings led to an 18% stock rebound, driven by +80% YoY revenue growth momentum and a positive FY2025 industry outlook, indicating robust DRAM demand. The company's gross and operating margins are expected to increase further in 1Q FY2025, expecting to generate 583% YoY non-GAAP EPS growth in FY2025. Management anticipates that high-margin products like HBM and eSSDs will increase the revenue mix while reducing exposure to China in FY2025.

Micron: Nearly 600% Potential YoY Earnings Growth In FY2025 Makes PEG Attractive

MU is inherently undervalued with a promising recovery, driven by the growing demand for AI-related memory products during the data center capex boom. The stock's extremely cheap PEG non-GAAP ratio of 0.18x highlights its compelling investment thesis compared to its sector peers, despite the recent recovery. MU's promising FQ1'25 guidance and the market's long-term growth projections suggest significant upside potential, with the worst of inventory correction well behind us.

Micron: Still Dirt Cheap Despite The Recent Recovery - Upgrade To Buy

Micron's earnings eased oversupply fears as investors realized they had been too pessimistic. Micron's business cyclicality has heightened fears. However, the AI growth inflection could sustain its current upcycle momentum. MU has highlighted its focus on gaining more share in higher-value segments, underpinning its profitability growth.

Micron: A Huge Buying Opportunity That You Shouldn't Miss

Micron's Q4 earnings exceeded expectations, driven by strong AI demand for advanced DRAM and NAND products, despite concerns about Nvidia's Blackwell chip delays. The company's consistent AI-driven memory demand suggests a shift from cyclical volatility to stable EPS growth, enhancing Micron's long-term outlook. Micron's forward P/CF ratio indicates a transition from an investment-heavy phase to a harvesting phase, signaling strong future cash flow generation.

Micron: Q4, I Was Wrong, Surging AI Demand Bridges Blackwell Delays (Rating Upgrade)

Micron Technology's stock has surged recently, driven by strong demand for AI memory chips and impressive earnings, warranting a "strong buy" rating. Fiscal Q1 2025 guidance indicates potential record revenues of $8.5-8.9 billion and earnings of $1.66-1.82 per share, surpassing analyst expectations. Despite recent price volatility, Micron's forward P/E and price-to-book ratios remain attractive compared to industry rivals, suggesting undervaluation.

Micron Technology: Expect Continued Rallies (Rating Upgrade)

Micron is seeing growth in the HBM market but management's market share outlook of ~20% has negatively surprised me; I expected it to be higher given Samsung's lagging position. I believe the main positive surprise in Q4 was better gross margins delivery due to cost savings in DRAM production and better HBM yields. This is expected to continue. Micron still trades at a modest 32% premium vs its memory peers. I am not sure if this is justified as I doubt overall outperformance vs its competition.

Micron: Why Q4 Results Didn't Get Me Excited

Nvidia is the leading supplier of graphics processing chips (GPUs) for developing artificial intelligence (AI). Micron makes high-bandwidth memory chips that are used in many of Nvidia's data center GPUs.

1 Spectacular Semiconductor Stock Down 21% You'll Wish You'd Bought on the Dip

Costco

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Recent economic data reinforces the underlying strength of this bull market.

Stocks Head for Third Consecutive Winning Week Amid String of Record Closes

Micron's strong earnings and market reaction don't justify its valuation, with FCF annualized at sub 1%, making it a poor investment. Heavy investments in fabs and AI could strain financials, with capex growth potentially risky if the market downturns. Competition from SK Hynix and Samsung, both ahead in AI memory technology, poses significant challenges to Micron's market position.

Micron's Earnings Don't Change Our Bearish View

Micron's Q4 business is on fire due to surging demand for high-bandwidth memory products, especially HBM3E. AI-driven demand for HBM is set to propel Micron's growth in the coming quarters resulting in a massive expansion of the total addressable market. Micron's guidance for Q1'25 implies the addition of $1.0B in revenue Q/Q. Margins are expected to continue to grow.

Micron: A 9X FWD P/E Is Unacceptable

Micron stock is currently well-positioned for strong FY25 returns. Despite a high valuation, especially after sentiment improved following its strong Q4 report, this could be sustained for now. Toward the end of FY25, it is reasonable to expect downside volatility as a result of lower growth forecasts for FY26. Therefore, this is a substantial short-term opportunity. That being said, Micron is investing heavily in its long-term capacity with new fabs being built and an effort to compete in HBM4 with SK Hynix and Samsung.

Micron: Q4 Signals To Buy Now For An Exceptional FY25 Price Return

Shares of Micron popped 15% after reporting Q4 results and announcing bullish remarks for FY25, and I recommend holding on for further gains. Micron expects substantial profitability, gross margin expansion, and healthy supply-demand dynamics for DRAM and NAND in FY25. Data center sales continue to be robust as AI applications demand more HBM chips, while refresh cycles are compressing for both PCs and mobile phones.

Micron: As FY25 Begins, Get Ready For A Fresh Rally

Micron delivered a beat on revenue, earnings, and guidance. AI demand is leading to a surge in data center DRAM demand.

Why Micron Rallied 21% This Week

Micron Technology's earnings caused the semiconductor market to rally.

Micron Technology Just Delivered Spectacular News for AI Semiconductor Investors

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 $150? Here Are 10 Top Analyst Forecasts For Friday

Micron Technology (NASDAQ: MU) stock surged by about 16% in pre-market trading on Thursday, following a stronger-than-expected Q4 earnings report. Revenue rose 93% year-over-year to $7.75 billion, with adjusted earnings at $1.18 per share.

Micron Stock Leaps 16% — More To Come?

ARM Holdings PLC

Micron's revenue is surging as demand for memory chips recovers. Arm looks set to benefit from the iPhone 16, and its power-efficient technology gives it an advantage in data centers as well.

2 Chip Stocks That Are Screaming Buys in September

Major U.S. equities indexes pushed higher as the latest estimates from the Bureau of Economic Analysis showed that U.S. gross domestic product (GDP) growth slightly outpaced expectations in the second quarter of 2024.

S&P 500 Gains and Losses Today: Micron Stock Pops as Sales and Guidance Impress

Micron Technology, Inc. MU continued its upward trajectory Thursday after reporting upbeat quarterly results.

Stock Of The Day: Micron Technology Price Level Converts From Support To Resistance And Vice Versa

Our downgrade thesis played out into earnings, and now we're upgrading Micron Technology, Inc. stock to buy. Micron is uniquely positioned to benefit from industry demand for HBM (used in AI) and should see better top-line growth and margins because of it next year. Management is also guiding for FY25 capex to be 35% of total FY25 sales and aiming for their HBM share of the market to reflect their DRAM.

News for Micron Technology Stock (MU)