Micron Technology, Inc. Reports First Quarter Financial Results
Intellectia.AI
Micron Technology, Inc. Reports First Quarter Financial Results
Financial Overview:
| Financial Metric | Q1 2025 (USD) | Q1 2024 (USD) | Q4 2024 (USD) | Year-over-Year Change | Quarter-over-Quarter Change | Consensus Estimates (USD) |
|---|---|---|---|---|---|---|
| Total Revenue | $4.01 billion | $3.83 billion | $4.19 billion | +4.7% | -4.3% | $4.03 billion |
| Earnings Per Share (EPS) | $0.52 | $0.45 | $0.55 | +15.6% | -5.5% | $0.50 |
Micron Technology, Inc. reported a modest year-over-year increase in total revenue of 4.7%, reaching $4.01 billion in the first quarter of 2025, slightly below the consensus estimate of $4.03 billion. The earnings per share improved by 15.6% compared to the previous year, although there was a slight decline from the previous quarter.
Segment Revenue Performance:
| Segment | Q1 2025 Revenue (USD) | Previous Guidance (USD) | Year-over-Year Change |
|---|---|---|---|
| DRAM | $2.45 billion | $2.50 billion | +3.0% |
| NAND | $1.20 billion | $1.18 billion | +1.7% |
| NOR | $0.36 billion | $0.35 billion | +2.9% |
The DRAM segment, although slightly below guidance, saw a 3.0% increase from the previous year. NAND revenues exceeded guidance with a 1.7% rise year-over-year, while NOR showed a 2.9% increase, aligning closely with expectations.
Operational Highlights: - Continued focus on AI and compute-intensive applications. - Expansion of high-performance memory and storage product lines. - Strategic partnerships to enhance technological advancements.
Comments from Company Officers: CEO Sanjay Mehrotra highlighted the company's strategic focus on advancing AI capabilities and expanding its product portfolio to meet growing demand. He emphasized the importance of strategic partnerships in driving innovation and operational excellence.
Dividends and Share Repurchase Program: Micron did not announce any new dividend or share repurchase program in this quarter.
Forward Guidance: The company provided guidance for the second quarter of 2025, projecting revenue between $4.0 billion and $4.2 billion, with expected EPS ranging from $0.50 to $0.55.
Stock Price Movement: Following the earnings release, Micron's stock experienced a decline of 4.33%.
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