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.

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EBITDA

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Current assets

Cash & equivalents

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Total liabilities & equity

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Purchase/sale of investments

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Cash from other sources

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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.

Cantor Fitzgerald analyst C J Muse reiterated Micron Technology Inc MU with an Overweight rating and a $150 price target.

Micron Set for Profit Surge with High-Margin Products and AI-Driven Market Expansion, Analyst Says

MU's recent gains are promising, but concerns over HBM chip oversupply suggest that one should hold the stock for now.

Micron Stock Up 8% Since Q4 Earnings: What Should Investors Do Now?

Micron (MU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Here is What to Know Beyond Why Micron Technology, Inc. (MU) is a Trending Stock

Advanced Micro Devices

NVIDIA

India will fabricate its first chip in two years, Commerce Minister Piyush Goyal told CNBC during a one-on-one interview with CNBC in New York. India's push into semiconductors comes as more U.S. chipmakers set their sights on India.

India to fabricate its first chip in two years as Nvidia, AMD and Micron pledge to expand to the country

Management envisions a market with increasing demand and decreasing supply, which signals an excellent pricing dynamic.

Where Will Micron Stock Be in 2025?

The semiconductor company expects the market for its products to grow nicely in 2025.

Great News for Micron Stock Investors

Semiconductor stocks had a tough summer, but their secular trends aren't going away.

3 Reasons to Buy Semiconductor Stocks in October

We correctly identified Micron Technology's short-term Sell signal and long-term Buy signal, with recent earnings confirming the long-term Buy outlook. The weekly chart shows a switch from a Sell to a Buy signal, with MU outperforming the Index and forming a bullish double bottom. Short term, MU's price is dropping due to day traders filling the gap from panic buying, but we don't expect it to retest the bottom.

Micron: Bottom Fishing The Buy Signals (Technical Analysis)

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These 2 Semiconductor Stocks Are Down Over 22%, but Could Soar in 2025

Micron is well-positioned for the next wave of data center buildouts, driven by strong AI training and inferencing demand that outstrips GPU capacity. Management is expanding capacity through new foundries in Idaho & New York and is converting an LCD facility in Taiwan to a DRAM production test facility. HBM capacity is sold out for CY24 and CY25, indicating strong demand, while DRAM and NAND pricing are expected to improve due to balanced supply and demand.

Micron Has Significant Upside In The Midcycle

The semiconductor company is prepared for the upcoming increase in customer demand.

What's Going On With Micron Stock?

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?

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

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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.

News for Micron Technology Stock (MU)