- Adjusted Revenue: $6.81 billion, up 82% year-over-year, beating the estimate of $6.67 billion.
- Adjusted Earnings Per Share (EPS): 62 cents, compared to a loss of $1.43 per share a year ago, and surpassing the estimate of 50 cents.
- Adjusted Operating Income: $941 million, compared to a loss of $1.47 billion a year ago, exceeding the estimate of $869.1 million.
- Cash Flow from Operations: $2.48 billion, a significant increase from $24 million a year ago, although below the estimate of $3.24 billion.
- R&D Expenses: $850 million, up 12% year-over-year, slightly above the estimate of $827.9 million.
- Adjusted Operating Expenses: $976 million, up 13% year-over-year, but below the estimate of $1.01 billion.
- Market Reaction: Shares fell 6.6% in post-market trading to $133.02 on 62,034 shares traded.
- Analyst Ratings: 37 buys, 2 holds, and 1 sell.
Micron Technology on Smartkarma
Analyst coverage of Micron Technology on Smartkarma reveals contrasting sentiments from different experts. Jim Handy, with a bearish outlook, warns of potential market collapse due to double-ordering in the semiconductor industry. On the bullish side, Vincent Fernando highlights Micron’s success in HBM DRAM at Computex, signaling a positive shift in traditional DRAM prices. William Keating‘s bullish report anticipates Micron’s record revenue year in 2025 driven by HBM solutions, while Baptista Research echoes optimism on Micron’s HBM product adoption in 2024.
In addition, Caixin Global reports Micron’s commitment to expanding in China, with CEO Sanjay Mehrotra emphasizing the importance of government support for Micron’s growth in the country. The analysts’ insights on Micron Technology provide investors with a comprehensive view of the company’s performance, market dynamics, and growth prospects in the semiconductor industry.
A look at Micron Technology Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma’s Smart Scores, Micron Technology, a company specializing in memory chips and semiconductor components, has received a mixed outlook for its long-term prospects. While scoring high in Momentum with a score of 5, indicating strong market performance, the company has average scores in Value and Resilience, with a score of 3 for both. This suggests that Micron Technology may not be undervalued compared to its peers, yet it demonstrates stability in its operations. In terms of Dividend and Growth, the company received scores of 2, reflecting moderate performance in these areas.
Overall, Micron Technology‘s Smart Scores paint a picture of a company with strong market momentum but with room for improvement in terms of value, growth, and dividends. As a manufacturer of memory chips and semiconductor components, Micron Technology plays a crucial role in the technology sector. Investors may consider the company’s current scores as they evaluate its long-term potential in the ever-evolving semiconductor industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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