Micron Technology (MU) issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended trading Wednesday.  The memory chip maker and Nvidia (NVDA) partner projected fiscal second-quarter revenue of $7.9 billion, give or take $200 million, below the analyst consensus of $8.93 billion compiled by Visible Alpha. The company's forecast for diluted earnings per share (EPS) of between $1.16 to $1.36 was also below estimates.  “While consumer-oriented markets are weaker in the ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Micron delivers record fiscal Q1 revenue, driven by strong AI demandData center revenue grew over 40% sequentially and over 400% year over year BOISE, Idaho, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2025, which ended November 28, 2024. Fiscal Q1 2025 highlights Revenue of $8.71 billion versus $7.75 billion for the prior quarter and $4.73 billion for the same period last yearGAAP net income of $1.87 billion, or $1.67 per di ...

Revenue and Growth - Revenue for Q1 2025 reached a record $8.71 billion, up from $7.75 billion in the prior quarter and $4.73 billion in the same period last year[4] - Data center revenue grew over 40% sequentially and over 400% year over year, surpassing 50% of total revenue for the first time[3][4] - Q2 2025 revenue guidance is $7.90 billion ± $200 million, with a gross margin of 37.5% ± 1.0% on a GAAP basis and 38.5% ± 1.0% on a non-GAAP basis[6] - The company expects Q2-25 revenue to be $7.90 billion ± $200 million, with a non-GAAP gross margin of 38.5% ± 1.0% and non-GAAP diluted earnings per share of $1.43 ± $0.10[29] Net Income and Earnings Per Share - GAAP net income for Q1 2025 was $1.87 billion, or $1.67 per diluted share, compared to $887 million in the prior quarter[4] - Non-GAAP net income for Q1 2025 was $2.04 billion, or $1.79 per diluted share, up from $1.34 billion in the prior quarter[4] - Diluted earnings per share for Q2 2025 is expected to be $1.26 ± $0.10 on a GAAP basis and $1.43 ± $0.10 on a non-GAAP basis[6] - Net income for the three months ended November 28, 2024, was $1.87 billion, compared to a net loss of $1.234 billion for the same period in 2023[20] - GAAP net income for the first quarter of fiscal 2025 was $1.87 billion, compared to a loss of $1.234 billion in the same period in 2023[23] - Non-GAAP net income for the first quarter of fiscal 2025 was $2.037 billion, compared to a loss of $1.048 billion in the same period in 2023[23] Cash Flow and Capital Expenditures - Operating cash flow for Q1 2025 was $3.24 billion, slightly down from $3.41 billion in the prior quarter but significantly higher than $1.40 billion in the same period last year[4] - Capital expenditures for Q1 2025 were $3.13 billion, resulting in adjusted free cash flows of $112 million[5] - Net cash provided by operating activities for the three months ended November 28, 2024, was $3.244 billion, up from $1.401 billion in the same period in 2023[20] - Adjusted free cash flow for the first quarter of fiscal 2025 was $112 million, compared to a negative $333 million in the same period in 2023[26] Gross Margin and Operating Income - Gross margin for Q1 2025 was 38.4% on a GAAP basis and 39.5% on a non-GAAP basis, up from 35.3% and 36.5% respectively in the prior quarter[5] - GAAP gross margin for the first quarter of fiscal 2025 was $3.348 billion, compared to a negative $35 million in the same period in 2023[23] - Non-GAAP gross margin for the first quarter of fiscal 2025 was $3.441 billion, compared to $37 million in the same period in 2023[23] - GAAP operating income for the first quarter of fiscal 2025 was $2.174 billion, compared to a loss of $1.128 billion in the same period in 2023[23] - Non-GAAP operating income for the first quarter of fiscal 2025 was $2.394 billion, compared to a loss of $955 million in the same period in 2023[23] Cash and Investments - Micron ended Q1 2025 with $8.75 billion in cash, marketable investments, and restricted cash[5]

Micron Technology Inc MU heads into its first-quarter earnings announcement with a mix of optimism and caution."Choppy Quarters Ahead"?As Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, puts it, "choppy quarters ahead for NAND" could pose a challenge, with pricing and inventory pressures in the smartphone and PC markets.However, the analyst also highlights AI-related applications as a potential offset, giving Micron a chance to weather the storm.Read Also: How To Earn $500 A Month From Micron ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Micron (MU) .Micron currently has an average brokerage recommendation (ABR) of 1.28, on a scale ...

Can Micron Technologies beat earnings expectations?In today's video, I discuss recent updates impacting Micron Technologies (MU 0.31%). To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the pre-market prices of December 18, 2024. The video was published on December 18, 2024. ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Micron is expected to report record revenue on Wednesday.In this video, I will cover the recent updates regarding Micron Technology (MU 5.62%). Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Dec. 13, 2024. The video was published on Dec. 13, 2024. ...

This account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a business model that will cause a stock to change dramatically. Associated with SA contributors Thomas Potter and Elijah Buell.Analyst’s Disclosure: I/we h ...