MU Earnings Prediction
The chart below shows how MU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MU sees a -3.06% change in stock price 10 days leading up to the earnings, and a +1.37% change 10 days following the report. On the earnings day itself, the stock moves by -0.15%. This data can give you a slight idea of what to expect for the next quarter's release.
MU Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
8.05B
38.27%
-7.53%
Gross Margin
--
--
--
Operating Margin
--
--
--
Net Margin
--
--
--
EPS
--
--
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No Data Available
MU Earnings Analysis
Micron Technology Inc Corporation (MU.O) Earnings Conference Call
Positive
Earnings Beat Expectations: Micron Technology, Inc. beats earnings expectations with reported EPS of $1.56, exceeding expectations of $1.43.
Record DRAM Revenue Growth: Data center DRAM revenue reached a new record in fiscal Q2, showcasing strong demand in this segment.
High-Bandwidth Memory Revenue Surge: HBM revenue grew more than 50% sequentially to over $1 billion, demonstrating strong execution and demand for high-bandwidth memory.
Low-Power DRAM Leadership: Micron remains the only company to ship low-power DRAM into the data center in high volume, highlighting its innovation and customer partnerships.
Record Revenue Expectations: The company expects fiscal Q3 revenue to be another record, driven by growth in both DRAM and NAND shipments.
DRAM Technology Innovation: Micron's 1-beta DRAM technology leads the industry, and the launch of 1-gamma node products shows continued innovation.
Idaho DRAM Fab Progress: The new DRAM fab in Idaho is on track to provide meaningful output starting in fiscal 2027, supported by CHIPS grant funding.
Power Efficiency Advantage: Micron's HBM3E technology delivers a 30% power reduction compared to competitors, enhancing its competitive edge.
Strong HBM Revenue Outlook: The company anticipates multibillion-dollar HBM revenue in fiscal 2025, indicating strong market demand.
NAND Market Leadership: Micron's leadership in QLC NAND supports the transition from HDD to NAND solutions in data centers, further solidifying its market position.
Data Center NAND Revenue Growth: The company expects to generate multiple billions in data center NAND revenue and grow its market share in calendar 2025.
High Demand for Mobile DRAM: Micron's mobile DRAM and UFS storage solutions are in high demand, with new products featured in flagship smartphones.
Automotive Memory Growth Potential: The automotive segment is seeing increased memory content per vehicle, positioning Micron well for future growth in this market.
Capital Investment Strategy: Micron's disciplined capital investments are focused on multiyear facility investments to support DRAM and HBM manufacturing.
Negative
Q2 Revenue Decline: Total fiscal Q2 revenue was approximately $8.1 billion, down 8% sequentially.
NAND Revenue Decline: Fiscal Q2 NAND revenue was $1.9 billion, down 17% sequentially, with prices decreasing in the high-teens percentage range.
Storage Revenue Decline: Revenue for the Storage business unit was $1.4 billion, down 20% sequentially, driven primarily by lower storage investments from data center customers.
Mobile Revenue Decline: Mobile business unit revenue was $1.1 billion, down 30% sequentially, as mobile customers continue to improve their inventory positions.
Gross Margin Decline: Consolidated gross margin for fiscal Q2 was 37.9%, down 160 basis points sequentially due primarily to pricing and consumer-oriented segments of the market, especially in NAND.
Operating Income and Margin: Operating income of $2 billion in fiscal Q2, resulting in an operating margin of 24.9%, which was down approximately 260 basis points sequentially.
Q2 Adjusted EBITDA Performance: Fiscal Q2 adjusted EBITDA was $4.1 billion, resulting in an EBITDA margin of 50.7%, up 10 basis points sequentially but down from previous quarters.
Inventory Days Increase: Fiscal Q2 ending inventory was $9 billion or 158 days, up 9 days from the prior quarter.
Gross Margin Outlook: We expect sequentially lower fiscal Q3 gross margin, which includes the effects of higher consumer-oriented volumes.
NAND Underutilization Impact: NAND underutilization continues to weigh on gross margins.
MU FAQs
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MU Earning Call Sentiment
Micron Technology, Inc. (NASDAQ:MU) Q2 2025 Earnings Call Transcript
MU.O
2.09%Positive
The earnings call presents mixed signals. Financial performance shows year-over-year growth, but sequential declines in revenue and gross margins are concerning. The Q&A reveals management's cautious stance on future guidance, particularly regarding margin improvements. Positive aspects include strong DRAM revenue and optimistic demand trends, but uncertainties in NAND pricing and inventory levels persist. Without clear guidance and with existing challenges, the stock is likely to remain stable within a neutral range over the next two weeks.
