Micron Technology (MU) is scheduled to report third-quarter fiscal 2024 results after market close on Jun 26.The Zacks Consensus Estimate for third-quarter non-GAAP earnings is pegged at 50 cents per share, which implies a robust improvement from the year-ago quarter’s loss of $1.43. Meanwhile, the consensus mark for revenues is pegged at $6.7 billion, which suggests a 78.6% increase from the year-earlier period’s revenues of $3.75 billion.Micron stock has made a remarkable run year to date, with its share ...

hapabapa Investment thesis I was completely wrong with my "Hold" rating for Micron (NASDAQ:MU) last November because the stock gained 93% since then. The company demonstrated revenue and profitability recovery dynamic much better than expected, and that was the big catalyst for the stock to rally. The company is indeed fundamentally strong. The company's revenue and EPS renaissance after massive political headwinds of the last couple of years is impressive. My analysis suggests that the company is likely to ...

Micron Technology NASDAQ: MU, a prominent semiconductor industry player, is poised to release its Q3 2024 earnings report on June 26th. This upcoming event has sparked considerable interest among investors and Micron’s analyst community, leading to heightened stock price volatility in recent weeks. Institutional investors closely observe Micron's stock price performance and are adjusting their expectations as the company approaches earnings and navigates a volatile market landscape. Despite Micron’s recent ...

JHVEPhoto Investment Thesis We already know memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU) is benefiting from the AI enterprise wave. With more enterprises increasingly deploying AI in their operations and services, the company is taking advantage of the growing need for high-performance memory technology. Their latest financial forecasts reflect a significant uptick in demand, with revenue projections for the financial 3Q 2024 marked between $6.4 billion and $6.8 billion, higher than the anti ...

Wall Street analysts forecast that Micron (MU) will report quarterly earnings of $0.50 per share in its upcoming release, pointing to a year-over-year increase of 135%. It is anticipated that revenues will amount to $6.7 billion, exhibiting an increase of 78.6% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 6.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections du ...

Micron Technology, Inc. (MU) is scheduled to report third-quarter fiscal 2024 results after market close on Jun 26.Micron stock has made a remarkable run this year so far, with the share price soaring 69.2%, outperforming the Zacks Computer and Technology sector’s growth of 25.7%. The uptick can be attributed to Micron’s back-to-back quarters of impressive financial performance and an improving demand-supply environment for memory chips.The stock has a decent history of beating earnings estimates. It has su ...

Micron Technology (MU) is likely to beat expectations when it reports third-quarter fiscal 2024 results after market close on Jun 26.The company projects fiscal third-quarter adjusted earnings of 45 cents per share (+/- 7 cents). The Zacks Consensus Estimate for the bottom line is pegged at 48 cents per share, which implies a robust improvement from the year-ago quarter’s loss of $1.43.Meanwhile, Micron estimates revenues of $6.6 billion (+/- $200 million). The consensus mark for revenues is pegged at $6.64 ...

Micron's stock has surged, but is there still room for growth?Memory-chip maker Micron Technology (MU 3.80%) is on a roll. The stock has delivered a total return of 130% over the last year, including a 64% surge in three months.It feels funny talking about how big a company named after a tiny measurement might get, but that's the question on every Micron investor's mind. Is the stock still primed for further gains or is it more likely to run into a glass ceiling and back down again?The catalysts behind Micr ...

SANTA CLARA, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (NASDAQ:SVCO, "Silvaco" or the "Company"))), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced its first quarter 2024 results. "Having successfully completed our IPO on May 13th, we are excited to embark on our journey as a public company," said Babak Taheri, Silvaco's Chief Executive Officer. Dr. Taheri continued, "I am p ...

SANTA CLARA, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO, “Silvaco” or the “Company”), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced its first quarter 2024 results. “Having successfully completed our IPO on May 13th, we are excited to embark on our journey as a public company,” said Babak Taheri, Silvaco’s Chief Executive Officer. Dr. Taheri continued, “I am pl ...