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Key Micron executives share perspectives on what market dynamics we will see emerging and what technology trends will take hold in 2022 and beyond, addressing applications and use cases from devices to the intelligent edge to the cloud.
- Micron Technology, Inc. Reports Results for the Second ...
Fiscal Q2 2022 highlights. Revenue of $7.79 billion versus...
- Micron Technology, Inc. Reports Results for the Second ...
1 day ago · Bullish Fundamentals. For starters, there's the company's strong fundamental performance. Just a few weeks ago, Micron delivered a blowout fiscal Q4 report, beating expectations with its highest-ever revenue, which was up more than 90% year-on-year. AI demand was seen as a significant driver here, and the company's strong guidance for the next ...
- Its Double-Digit Revenue Growth Will Continue
- Its Cyclical Slowdown Hasn't Happened Yet
- Micron's Margins Are Still Strong
- This Cycle Could Be A "Super Cycle"
- Its Stock Is Still Surprisingly Cheap
- Micron Is Still A Long-Term Winner
Micron's 33% revenue growth in the first quarter represented its fourth consecutive quarter of more than 30% growth. It also marked its seventh straight quarter of double-digit revenue growth. Micron expects its revenue to rise 17%-23% year-over-year in the second quarter of fiscal 2022. Analysts expect its revenue to increase 15% for the full year...
Before generating double-digit revenue growth for nearly two years, Micron posted six straight quarters of year-over-year revenue declines throughout fiscal 2019 and 2020. That cyclical slowdown was caused by a global glut of DRAM and NAND chips, which can partly be attributed to the sluggishness of the PC and smartphone markets before the pandemic...
Micron's gross and operating margins dipped sequentially in the first quarter as it grappled with the supply chain challenges and sold a higher mix of lower-margin NAND chips, but both figures jumped from the prior year quarter: Source: Micron. *Non-GAAP basis. Micron expects its adjusted gross margin to dip sequentially again to 46% (at the midpoi...
In the past, Micron's growth was primarily driven by the PC, data center, and smartphone markets. But looking ahead, the expansion of the 5G, AI, data center, driverless vehicle, and mixed reality marketscould all cause the market's demand for DRAM and NAND chips to outstrip the available supply. If that happens, the memory chip market could experi...
Micron expects its adjusted earnings per share to nearly double year-over-year in the second quarter. Analysts expect its earnings to grow 44% for the full year, even as it works through the near-term supply chain challenges. That's a high growth rate for a stock that trades at just nine times forward earnings. Intel, which faces an earnings declin...
Micron faces other near-term headwinds, including SK Hynix's purchase of Intel's NAND business, Kioxia's emergence as another NAND rival, and the uncertain future of the CHIPS Act, which would support U.S. chipmakers with big subsidies. Nonetheless, I believe Micron's strengths still outweigh those vulnerabilities and make it a compelling long-term...
Jan 14, 2022 · The current year will be very profitable for Micron, and earnings will likely be higher in the following two years. See the 2022 forecast for MU stock here.
Dec 21, 2021 · Key Points. Micron's Q1 fiscal 2022 revenue and adjusted earnings per share increased a respective 33% and 177% year-over-year. The company expects to achieve new record sales in the year ahead...
- Nicholas Rossolillo
3 days ago · The 25 analysts with 12-month price forecasts for Micron Technology stock have an average target of 146.28, with a low estimate of 90 and a high estimate of 250. The average target predicts an increase of 40.22% from the current stock price of 104.32. Analyst Consensus: Strong Buy.
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Fiscal Q2 2022 highlights. Revenue of $7.79 billion versus $7.69 billion for the prior quarter and $6.24 billion for the same period last year. GAAP net income of $2.26 billion, or $2.00 per diluted share. Non-GAAP net income of $2.44 billion, or $2.14 per diluted share.
