Hudbay Minerals Inc. (HBM)
Micron Q2: Inflection Point In Sight, Upside Case Strengthens
Q2 revenue rose 38% YoY, driven by 47% DRAM growth and record HBM sales exceeding $1B; Micron is now a key AI memory supplier. Q3 guidance at record $8.8B shows momentum; HBM3E ramp and full 2025 sell-out confirm structural demand strength. Margins to expand in H2 as DRAM pricing recovers and NAND stabilizes; stock offers 25–50% upside on cyclical and secular growth.
Micron: A Dirt-Cheap AI Growth Play
Micron's Q2'25 earnings exceeded expectations due to strong demand for memory products, particularly HBM3E, and showed solid revenue growth in DRAM and NAND segments. The memory and storage company provided a positive outlook for Q3 with projected revenues of $8.8B, reflecting strong demand for memory, driven by Data Centers. HBM-related revenue crossed the $1.0B threshold in Q2'25 and the long term outlook for the memory market benefits Micron significantly.
Micron Q2: Anticipating More HBM Shipment In H2
I reiterate a 'Strong Buy' rating on Micron with a fair value of $140 per share, driven by robust HBM growth and strategic capacity expansion. Micron reported 38.3% revenue growth and 24.9% adjusted operating income, with HBM revenue growing 50% sequentially, reaching a record high. The company is guiding for $8.8 billion in Q3 FY25 revenue, with significant investments in HBM manufacturing, forecasting 38.2% year-over-year growth for FY25.
Micron: Capitalizing On The Prolonged Memory Cycle
Micron stock dropped about 40% since June 2024. It seems that Wall Street is assuming that memory cycle has already peaked. Memory Cycle hasn't peaked yet due to ramp up of High Bandwidth Memory (HBM) demand. Micron's revenue will be $3.8B from HBM this fiscal year. Which will offset the decline in NAND and traditional DRAM revenue.
Hudbay Minerals, Inc. (HBM) Q4 2024 Earnings Call Transcript
Hudbay Minerals, Inc. (NYSE:HBM ) Q4 2024 Earnings Conference Call February 19, 2025 11:00 AM ET Company Participants Candace Brûlé - VP, IR Peter Kukielski - President & CEO Eugene Lei - CFO Andre Lauzon - COO Conference Call Participants Orest Wowkodaw - Scotiabank Lawson Winder - Bank of America Securities Dalton Baretto - Canaccord Genuity Anita Soni - CIBC World Markets. Farooq Hamed - Raymond James Pierre Vaillancourt - Haywood Securities Stefan Ioannou - Cormark Securities Operator Good morning, ladies and gentlemen.
HudBay Minerals (HBM) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for HudBay Minerals (HBM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
HudBay Minerals (HBM) Q4 Earnings Match Estimates
HudBay Minerals (HBM) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.20 per share a year ago.
Curious about HudBay Minerals (HBM) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for HudBay Minerals (HBM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Analysts Estimate HudBay Minerals (HBM) to Report a Decline in Earnings: What to Look Out for
HudBay Minerals (HBM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lam Research: Huge HBM Demand Due To Massive AI Infrastructure Buildout
Lam Research is poised to benefit significantly from the AI infrastructure boom, driven by increasing demand for high-bandwidth memory and advanced logic chips. The company holds dominant market shares in essential semiconductor manufacturing processes: etch (35%), deposition (29%), and cleaning (25%). LRCX's revenue could grow at a CAGR of 15–20% through 2026, supported by booming HBM demand and complex advanced logic manufacturing.
Micron's Low Price Is A Gift
Micron's data center revenue should grow 91% and 38% in FY2025 and FY2026, driven by cloud server DRAM and HBM. The market is not assigning a strong multiple to Micron's largest, most profitable and fastest-growing segment, with HBM3E contributing significantly, and future growth expected from HBM4. Micron should gain from an extremely strong AI market as evidenced by huge CAPEX from hyperscalers, Nvidia's Blackwell growth and Taiwan Semiconductors's forecasts.
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