Micron Technology, Inc. (NASDAQ:MU) Q4 2024 Earnings Conference Call September 25, 2024 4:30 PM ET Company Participants Satya Kumar - Investor Relations Sanjay Mehrotra - President and Chief Executive Officer Mark Murphy - Executive Vice President and Chief Financial Officer Conference Call Participants Timothy Arcuri - UBS C.J. Muse - Cantor Fitzgerald Krish Sankar - TD Cowen Joseph Moore - Morgan Stanley Vivek Arya - Bank of America Securities Toshiya Hari - Goldman Sachs Operator Thank you for standing b ...

Micron (MU) reported $7.75 billion in revenue for the quarter ended August 2024, representing a year-over-year increase of 93.3%. EPS of $1.18 for the same period compares to -$1.07 a year ago.The reported revenue represents a surprise of +1.43% over the Zacks Consensus Estimate of $7.64 billion. With the consensus EPS estimate being $1.10, the EPS surprise was +7.27%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Micron (MU) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to loss of $1.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.27%. A quarter ago, it was expected that this chipmaker would post earnings of $0.50 per share when it actually produced earnings of $0.62, delivering a surprise of 24%.Over the last four quarters, the company has surpassed con ...

Key TakeawaysMicron Technology shares surged in extended trading Wednesday as the memory chip maker's revenue and outlook blew past expectations.The Nvidia partner reported its fiscal fourth-quarter revenue nearly doubled year-over-year, driven by "robust AI demand."CEO Sanjay Mehrotra said the company expects current-quarter revenue to reach a record high. Micron Technology (MU) shares surged in extended trading Wednesday as the company's revenue and outlook blew past expectations. The memory chip maker an ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

BOISE, Idaho, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2024, which ended August 29, 2024. Fiscal Q4 2024 highlights Revenue of $7.75 billion versus $6.81 billion for the prior quarter and $4.01 billion for the same period last yearGAAP net income of $887 million, or $0.79 per diluted shareNon-GAAP net income of $1.34 billion, or $1.18 per diluted shareOperating cash flow of $3.41 billion versus $2.48 billio ...

(1) (2) Exhibit 99.1 FOR IMMEDIATE RELEASE | --- | --- | |------------------------------------------|----------------------------------------------| | | | | Satya Kumar Investor Relations | Erica Rodriguez Pompen Media Relations | | satyakumar@micron.com (408) 450-6199 | epompen@micron.com (408) 834-1873 | MICRON TECHNOLOGY, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR OF FISCAL 2024 Achieved record data center revenue and NAND revenue in fiscal Q4 BOISE, Idaho, September 25, 2024 – Micron Tech ...

To gain an edge, this is what you need to know today.The Key To The AI TradePlease click here for a chart of Micron Technology Inc MU.Note the following:This article is about the big picture, not an individual stock.  The chart of MU stock is being used to illustrate the point.Micron is one of the three largest semiconductor memory makers in the world.The demand for high bandwidth memory for AI applications is rapidly increasing.The chart shows Micron's last two earnings and the market reaction.The chart sh ...

Micron Technology Inc MU will be reporting its fourth-quarter earnings on Wednesday. Wall Street expects $1.13 in EPS and $7.64 billion in revenues as the company reports after market hours.The stock is up 37% over the past year and14% YTD.Let’s look at what the charts indicate for Micron stock and how the stock currently maps against Wall Street estimates.Micron Stock’s Tug-of-War: Bulls Vs. Bears Ahead Of Q4 Earnings Micron stock is showing a relatively stagnant trend with slight buying pressure. Chart c ...

  Analyst Estimates for Q4 2024 Q3 2024 Q4 2023Revenue$7.65 billion$6.81 billion $4.01 billionDiluted EPS (Loss)84 cents30 cents ($1.31)Net Income (Loss)$1 billion$332 million ($1.43 billion) Key Metric: Inventory Micron has grappled with growing inventories, and Citi analysts recently lowered their price target for the stock to $150 from $175, citing its high inventory and weakness in demand for legacy memory components. However, the analysts said inventory buildup could ease by the end of the year, add ...