Micron reports Q4 revenue up 93% YoY to $7.75B, vs. $7.66B est., forecasts Q1 revenue and profit above estimates, helped by AI demand; MU jumps 13%+
Ian King / Bloomberg :
Bloomberg Ian King
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Discussion
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@beursstier68
Marc Langeveld
on x
Memory chipmaker Micron $MU comfortably beats on fiscal 2024Q4 revenue and non-GAAP EPS, also guides 2025Q1 higher than expected. Stock had retreated in recent weeks due to falling mainstream DRAM pricing, but 2025-2030 outlook for HBM imho remains solid as a rock Discl: [image]
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@thetranscript_
@thetranscript_
on x
Micron double beat. CEO: “Micron delivered 93% YoY revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of our data center DRAM products and our industry-leading high bandwidth memory” $MU: +12% AH More: https://finchat.io/... [image]
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@ericjhonsa
Eric Jhonsa
on x
$MU guiding for FQ1 revenue of $8.5B-$8.9B, non-GAAP EPS of $1.66-$1.82 and a non-GAAP GM of 38.5%-40.5% vs. consensus estimates of $8.21B, $1.54 and 37.6%. Rumors of a memory cycle top have been greatly exaggerated. [image]
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@beth_kindig
Beth Kindig
on x
Micron $MU beat on the top and bottom line in Q4, guiding Q1 revenue at $8.7 billion, well ahead of consensus estimates for $8.21 billion. $NVDA $AMD $AVGO
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@cnbcovertime
@cnbcovertime
on x
Shares of Micron popped after beating Q4 results. @barbara_doran1, CEO of BD8 Capital Partners, reacts to the report and why she thinks the stock can move higher from here. $MU [video]
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@thetranscript_
@thetranscript_
on x
Micron CEO: “Micron delivered a strong finish to fiscal year 2024, with fiscal Q4 revenue at the high end of our guidance range...We are entering fiscal 2025 with the strongest competitive positioning in Micron's history” $MU [image]