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Micron: Excellent Earnings -- Remains A Strong Buy
Seeking Alpha· 2024-09-26 21:34
We discussed purchasing Micron Technology, Inc. (NASDAQ: MU ) stock during the recent meltdown, as the stock dropped into the $85-95 range. Micron had a monster run-up in late 2023 and the first half of 2024. Its stock climbed toAre You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2023 47% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial information before the opening bell rings each morning.Implement my Covered Call ...
Micron: Why The Valuation Makes Sense Now
Seeking Alpha· 2024-09-26 21:19
Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...
Micron Tops Q4 Earnings Estimates: Can Strong Guidance Lift the Stock?
ZACKS· 2024-09-26 20:37
文章核心观点 - 公司在第四季度业绩表现出色,营收和利润均超出预期 [1][2] - 公司受益于人工智能产品组合的强劲需求,DRAM和NAND价格上涨 [2] - 公司第一季度业绩指引也超出分析师预期,预计将创下历史新高 [2][9] 公司财务表现 营收情况 - 公司第四季度营收同比增长93%,环比增长14%,达到75.75亿美元 [1][4] - DRAM业务营收占比69%,同比增长93%,环比增长14% [4] - NAND业务营收占比31%,同比增长96%,环比增长15% [4] - 各业务部门营收均实现同比和环比增长,其中计算与网络业务部门营收同比增长152% [5] 利润情况 - 公司第四季度非GAAP毛利润达28.3亿美元,毛利率为36.5% [6] - 非GAAP营业利润为17.5亿美元,营业利润率为22.5% [7] - 公司第一季度预计非GAAP毛利率为39.5% [9] 现金流和资产负债情况 - 公司第四季度经营活动现金流为34.1亿美元,自由现金流为3.23亿美元 [8] - 公司现金及投资余额为91.6亿美元,总负债为134亿美元 [8] 行业和市场表现 - 公司股价在过去3个月内下跌18.1%,低于标普500指数3.9%的涨幅 [3] - 但公司最新业绩和指引超预期,将提振投资者信心,推动股价在短期内上涨 [3]
Micron's Post-Earnings Pop Leads Nvidia and Other Chip Stocks Higher
Investopedia· 2024-09-26 20:25
Key TakeawaysMicron Technology shares surged Thursday on its strong outlook, leading Nvidia and other semiconductor stocks higher. Nvidia, its partner Micron, and other chip companies have seen their revenue and stock prices climb amid a boom in demand for infrastructure to support AI.Micron CEO Sanjay Mehrotra said Wednesday the company's sales have nearly doubled from a year ago, with record-high revenue expected in the current quarter. Micron Technology (MU) shares surged Thursday after the memory chip ...
Here's why Micron stock just surged 15% in one hour
Finbold· 2024-09-26 18:09
文章核心观点 - 微软(Micron)公司最新的财报超出了华尔街的预期,其每股收益为1.18美元,而预期为1.11美元[1] - 公司的收入也超出预期,达到75.75亿美元,预期为76.5亿美元[2] - 微软预计未来到2025年其每股收益将上升到1.74美元,收入将增长到85-89亿美元之间[3] - 人工智能芯片的强劲需求是微软业绩良好的一个重要原因[3] 根据相关目录分别进行总结 财务数据 - 微软第三季度每股收益为1.18美元,超出预期1.11美元[1] - 公司收入为75.75亿美元,超出预期76.5亿美元[2] - 微软预计到2025年每股收益将上升到1.74美元,收入将增长到85-89亿美元之间[3] 行业分析 - 人工智能芯片的强劲需求是微软业绩良好的一个重要原因[3] - 自2022年底ChatGPT发布以来,人工智能一直是推动股市增长的一个热点话题[3] 投资评级 - 在过去3个月内,42名分析师中有39名给予微软"强烈买入"或"买入"的评级[4] - 分析师预计微软股价未来12个月内将上涨63.69%,达到156.77美元[4] - 最近有多家券商给予微软更高的目标价,如Baird给予172美元,Rosenblatt给予225美元,JPMorgan给予180美元[4]
Wall Street predicts Micron stock price for next 12 months
Finbold· 2024-09-26 17:42
Micron Technology (NASDAQ: MU) has seen solid performance in the last year. Although the stock is currently up 33.88% year-to-date (YTD), a full 20% of those gains occurred over the past five days — and September 25 alone accounts for 12% of the upswing.Backtracking provides a clearer picture of MU’s price action in 2024. The stock spent the vast majority of the time in the green since the beginning of the year, reaching an all-time high of $153.45 in July.The following months saw a significant price revers ...
Micron Technology(MU) - 2024 Q4 - Earnings Call Transcript
2024-09-26 07:13
财务数据和关键指标变化 - 公司第四季度收入达到高端指引范围,毛利率和每股收益超出高端指引 [26][30] - 公司全年收入同比增长超过60%,毛利率提升超过30个百分点 [7] - 公司第四季度DRAM收入同比增长93%,占总收入的69% [26] - 公司第四季度NAND收入同比增长96%,创下新的季度纪录 [27] 各条业务线数据和关键指标变化 - 计算与网络业务部门收入同比增长17%,创下数据中心服务器DRAM的季度收入纪录 [27] - 移动业务部门收入同比增长18%,受益于季节性产品的增长 [27] - 存储业务部门收入同比增长24%,数据中心SSD创下季度收入纪录 [27][28] - 嵌入式业务部门收入同比下降9%,但汽车业务连续第四年创下年度收入纪录 [28] 各个市场数据和关键指标变化 - 数据中心需求持续强劲,客户库存水平健康 [11] - 传统服务器需求有望受益于更新换代,DRAM和NAND的含量将提升 [11] - PC市场正处于转型期,AI PC需求将推动内存和存储容量大幅提升 [17][18] - 智能手机市场也在向AI功能发展,高端机型DRAM容量大幅提升 [19][20] - 汽车市场的信息娱乐和ADAS应用将持续推动内存和存储需求增长 [21] 公司战略和发展方向及行业竞争 - 公司正在大规模量产业界最先进的1-beta DRAM和G8/G9 NAND工艺节点 [8] - 公司正在建设新的晶圆厂,以支持未来的DRAM和NAND需求增长 [9] - 公司在HBM、高容量DRAM模组和数据中心SSD等高价值产品上保持领先地位 [12][14][16] - 公司正在不断提升制造能力和产品质量,为客户提供差异化的解决方案 [10][20] 管理层对经营环境和未来前景的评论 - 公司对2024年DRAM和NAND行业需求增长的预期有所上调 [22][23] - 由于行业2023年减少资本支出,2024年DRAM和NAND的产能将低于2022年峰值水平 [22][23] - 公司预计2025财年收入将创新高,盈利能力也将大幅改善 [37] 其他重要信息 - 公司在第四季度回购了3.2百万股,总额3亿美元 [32] - 公司第一季度毛利率有望环比改善,主要受益于更好的定价和产品组合 [33] - 公司预计2025财年资本支出将占收入的中30%左右,主要用于新建厂房和HBM投资 [24][35] 问答环节重要的提问和回答 问题1 **Timothy Arcuri 提问** 公司第四季度HBM收入是否达到3-3.5亿美元左右 [40][41] **Sanjay Mehrotra 回答** 公司不会披露具体的季度HBM收入数字,但在2024财年实现了数亿美元的HBM收入目标 [43] 问题2 **Krish Sankar 提问** 公司如何看待HBM产品迭代对于制造良率和毛利率的影响 [49][50][51] **Sanjay Mehrotra 回答** 公司有信心凭借技术和制造优势,保持HBM产品的领先地位和良好的盈利能力 [50][51] 问题3 **Vivek Arya 提问** 公司对2025财年整体毛利率和定价的预期是否有变化 [62][63] **Mark Murphy 回答** 公司对2025财年的供需环境和产品组合改善保持乐观,预计毛利率将持续改善 [63]
Micron (MU) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-09-26 07:00
文章核心观点 - 美光科技(Micron)在2024年8月季度实现了93.3%的营收同比增长,达到77.5亿美元,超出市场预期[1] - 美光科技的每股收益(EPS)为1.18美元,同比去年-1.07美元,也超出市场预期[1] - 美光科技的业绩表现超出市场预期,反映了其财务健康状况[1] 按目录分类总结 营收情况 - DRAM营收为53.3亿美元,超出市场预期5.26亿美元,同比增长93.3%[2] - 其他(主要为NOR)营收为5900万美元,低于市场预期7800万美元,同比增长18%[2] - NAND营收为23.7亿美元,超出市场预期23.1亿美元,同比增长96.3%[2] 股价表现 - 过去一个月,美光科技股价下跌3.9%,低于标普500指数2%的涨幅[2] - 美光科技目前的股票评级为Zacks Rank 4(卖出),表明其短期内可能会低于整体市场[2]
Micron (MU) Surpasses Q4 Earnings and Revenue Estimates
ZACKS· 2024-09-26 06:15
Micron (MU) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to loss of $1.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.27%. A quarter ago, it was expected that this chipmaker would post earnings of $0.50 per share when it actually produced earnings of $0.62, delivering a surprise of 24%.Over the last four quarters, the company has surpassed con ...
Micron Stock Pops on Strong Outlook Driven by 'Robust AI Demand'
Investopedia· 2024-09-26 05:55
Key TakeawaysMicron Technology shares surged in extended trading Wednesday as the memory chip maker's revenue and outlook blew past expectations.The Nvidia partner reported its fiscal fourth-quarter revenue nearly doubled year-over-year, driven by "robust AI demand."CEO Sanjay Mehrotra said the company expects current-quarter revenue to reach a record high. Micron Technology (MU) shares surged in extended trading Wednesday as the company's revenue and outlook blew past expectations. The memory chip maker an ...