Class Action Lawsuit - Shareholders who lost money on Micron Technology, Inc (MU) are urged to join a class action lawsuit [1] - Levi & Korsinsky is the law firm handling the case and shareholders can contact them for more information [1] Company Involved - The company involved in the lawsuit is Micron Technology, Inc (MU) [1] Legal Action - The legal action is a class action lawsuit, which typically involves a group of people with similar claims against a company [1]

Legal Action - Levi & Korsinsky reminds Micron Technology, Inc investors of a pending class action lawsuit with a lead plaintiff deadline of March 10, 2025 [1]

Earnings Performance - Micron reported Q1 fiscal 2025 earnings of $1.79 per share, beating the Zacks Consensus Estimate by 2.3% [2] - Revenues increased 84.3% year over year to $8.71 billion, matching the Zacks Consensus Estimate [2] - DRAM revenues of $6.4 billion accounted for 73% of total revenues, increasing 87% year over year and 20% sequentially [3] - NAND revenues of $2.2 billion represented 26% of total revenues, up 82% year over year but down 5% quarter over quarter [3] - Other revenues were $68 million, down from $69 million year over year but up from $59 million sequentially [4] Business Segment Performance - Compute and Networking Business Unit revenues soared 153% year over year and 46% sequentially to $4.4 billion [4] - Mobile Business Unit revenues jumped 16.3% year over year and 19% quarter over quarter to $1.5 billion [4] - Embedded Business Unit revenues were $1.1 billion, up 5.8% year over year but down 10% sequentially [5] - Storage Business Unit revenues totaled $1.7 billion, up 160% year over year and 3% sequentially [5] Operating Performance - Non-GAAP gross profit of $3.35 billion improved from $2.74 billion in the previous quarter [6] - Non-GAAP gross margin of 39.5% improved from 36.5% in the previous quarter and 0.8% in the year-ago quarter [6] - Non-GAAP operating income of $2.39 billion was significantly higher than $1.75 million in the previous quarter and a loss of $955 million in the year-ago quarter [7] - Non-GAAP operating margin of 27.5% improved from 22.5% in the previous quarter and negative 20.2% in the year-ago quarter [8] Financial Position - Cash and investments totaled $7.58 billion, down from $9.16 billion in the previous quarter [9] - Total liquidity remained flat at $11.2 billion quarter over quarter [9] - Total debt increased to $13.7 billion from $13.4 billion in the previous quarter [10] - Operating cash flow of $3.24 billion and capital expenditure of $3.2 billion resulted in adjusted free cash flow of $112 million [10] Outlook - Micron anticipates Q2 fiscal 2025 revenues of $7.90 billion (+/-$200 million) [11] - Non-GAAP gross margin is projected at 38.5% (+/-100 basis points) [11] - Non-GAAP operating expenses are estimated at $1.10 billion (+/-$15 million) [11] - Adjusted EPS is anticipated to be $1.43 (+/- 10 cents) [11] Industry Comparison - Hewlett Packard Enterprise (HPE) reported Q4 2024 revenues of $8.46 billion, up 15.1% year over year [15] - HPE's EPS of $0.58 compared to $0.52 a year ago [15] - HPE is expected to post earnings of $0.50 per share for the current quarter, representing a year-over-year change of +4.2% [16] Estimate Revisions - Consensus estimate for Micron has shifted -28.81% over the past month [12] - Micron has a Zacks Rank 3 (Hold) based on the overall direction and magnitude of estimate revisions [14]

Legal Action - The Schall Law Firm is inviting shareholders who have incurred losses to join a securities fraud case against Micron Technology Inc [1]

Legal Action - Investors who lost money on Micron Technology, Inc (MU) are advised to contact Levi & Korsinsky regarding a pending class action lawsuit [1]

Micron Technology, Inc. Class Action: Levi & Korsinsky Reminds Micron Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 10, 2025 - MU ...

Legal Action - Micron Technology, Inc shareholders with losses have the opportunity to lead a class action lawsuit [1]

Lawsuit Overview - Levi & Korsinsky, LLP has notified investors of a class action securities lawsuit against Micron Technology, Inc (NASDAQ: MU) [1] - The lawsuit aims to recover losses for Micron investors affected by alleged securities fraud between September 28, 2023 and December 18, 2024 [1] Allegations - Defendants allegedly made false statements and/or concealed that demand for Micron's products, especially NAND products in consumer markets, had significantly deteriorated [2] - Defendants allegedly overstated the recovery and sustainability of demand for Micron's products, particularly in consumer markets and for NAND products, as well as the normalization of inventory for such products [2] - As a result, the Company's public statements were allegedly materially false and misleading at all relevant times [2] Next Steps for Investors - Investors who suffered losses in Micron during the relevant time frame have until March 10, 2025 to request the Court appoint them as lead plaintiff [3] - Class members may be entitled to compensation without payment of any out-of-pocket costs or fees, with no cost or obligation to participate [3] About Levi & Korsinsky - Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases [4] - The firm has extensive expertise in representing investors in complex securities litigation and a team of over 70 employees [4] - Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States for seven consecutive years [4]

Company Overview - PropNotes focuses on providing high-yield investment opportunities for individual investors, leveraging expertise from professional proprietary trading to simplify complex concepts and offer actionable advice [1] - The company aims to empower investors to make informed decisions in the market through expert research and analysis [1] Analyst's Position - The analyst has no current stock, option, or derivative positions in the mentioned companies but may initiate a long position in MU through stock purchase or call options within the next 72 hours [2] - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with the mentioned companies [2] Platform Disclosure - Seeking Alpha emphasizes that past performance does not guarantee future results and does not provide specific investment recommendations or suitability advice [3] - The platform clarifies that its analysts are third-party authors, including both professional and individual investors, who may not be licensed or certified by any regulatory body [3]

Micron Technology Inc Is Being Sued For Securities Law Violations And Impacted Investors Are Urged To Contact The Schall Law Firm ...