Micron Technology, Inc. (MU)
Micron Technology, Inc. (MU) Q1 2025 Earnings Call Transcript
Micron Technology, Inc. (NASDAQ:MU ) Q1 2025 Earnings Conference Call December 18, 2024 4:30 PM ET Company Participants Satya Kumar - Corporate Vice President, Investor Relations and Treasury Sanjay Mehrotra - President and Chief Executive Officer Mark Murphy - Chief Financial Officer Conference Call Participants CJ Muse - Cantor Fitzgerald Timothy Arcuri - UBS Vivek Arya - Bank of America Securities Joseph Moore - Morgan Stanley Krish Sankar - TD Cowen Chris Danely - Citi Toshiya Hari - Goldman Sachs Operator Thank you for standing by, and welcome to Micron Technologies Fiscal First Quarter 2025 Financial Conference Call. At this time, all participants are in listen-only mode.
Micron Q1: Consider Buying This Dip Aggressively, Drivers In Place For FY25 Success
Shares of Micron Technology, Inc. dipped ~15% after printing FQ1 results, owing to the market's perception of a weaker FQ2 outlook. The company notes that consumer end-markets are responding slower to AI innovation than initially expected, leading to softening NAND ASPs and a need to trim NAND capex. On the flip side, AI-fueled data center demand is surging, with data center revenue up 400% y/y in Q1.
Micron (MU) Q1 Earnings Surpass Estimates
Micron (MU) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.75 per share. This compares to loss of $0.95 per share a year ago.
Micron Earnings: Down But Not Out, Why I'm Doubling Down
Micron Technology, Inc. stock is selling off after-hours, down more than 13%. Weak consumer demand and lower-than-expected NAND bit demand led to reduced guidance and CapEx cuts, despite strong HBM and enterprise SSD sales. Micron expects to return to growth in 2H2025, driven by AI accelerator demand and data center growth, and I think shares represent a buying opportunity.
Micron shares plunge on weak second-quarter guidance
Micron shares plunged 12% in extended trading after the chipmaker issued weaker-than-expected second-quarter guidance. First-quarter revenue was inline with analysts' expectations, while earnings topped estimates.
Why Micron Posted Such a Weak Forecast
Pierre Ferragu, New Street Research's head of global tech infrastructure, breaks down Micron's earnings report and revenue forecast. Micron tumbled in late trading after its revenue forecast missed projections by about $1 billion.
Micron shares continue to slip on weaker-than-expected guidance
Matt Bryson, Wedbush Senior Vice President, joins 'Closing Bell Overtime' to talk Micron results as the stock falls sharply on weaker-than-expected guidance.
Micron's Stock Tumbles as Its Outlook Disappoints
Micron Technology (MU) issued a revenue outlook that came in below analysts' expectations, sending shares lower in extended trading Wednesday.
Micron shares plunge on weak revenue forecast
Shares of Micron Technology Inc (NASDAQ:MU), the largest US maker of computer memory chips, tumbled 16% in late trading on Wednesday after the company issued a second-quarter revenue forecast that fell nearly $1 billion short of analysts' expectations. Micron said it expects adjusted revenue of $7.7 billion to $8.1 billion for the quarter ending in February, well below Wall Street's consensus estimate of almost $9 billion.
Micron Shares Slide After Quarterly Outlook Misses Estimates
Memory-chip maker swung to a profit and posted higher revenue in its fiscal first quarter, though shares fell after the company's outlook missed estimates.
Micron shares plummet on weak guidance despite beat
CNBC's Seema Mody joins 'Closing Bell Overtime' to talk Micron results.
EARNINGS ALERT: MU
Micron (MU) sunk after hours due to its sales miss in 1Q and lower-than-expected guidance for 2Q. Oliver Renick, Caroline Woods and Kevin Green talk about the downside move and what it means for the A.I.
