The earnings call presented a mixed outlook with strong growth in the data center segment and leadership in advanced memory technologies like HBM and LPDDR5X. However, challenges in the NAND market and consumer segments, along with pressure on gross margins, present headwinds. While there are significant achievements and a positive outlook for certain segments, the negative aspects balance out the positive news.

Company Guidance

In the first quarter of fiscal 2025 earnings call for Micron Technology (MU), the executives provided guidance on several key metrics affecting their business outlook. They discussed a projected 100 basis point decline in gross margins for Q2, largely attributed to challenges in the NAND market, including mix, pricing, and lower shipments. The executives highlighted the robust growth trajectory of High Bandwidth Memory (HBM) and data center DRAM, despite a temporary moderation in data center solid-state drives (SSD) and consumer-oriented segments. They noted that data center SSDs accounted for about 65% of their overall NAND business, with a market share reaching approximately 14% in Q3 of the previous year. The company anticipates a sequential increase in bit shipments starting in fiscal Q3, driven by the expected recovery in data center capital expenditures and improved demand conditions. Additionally, they mentioned that their actions to reduce NAND wafer starts are in response to challenging market conditions, aiming to align supply growth with demand forecasts. Overall, the company remains optimistic about their data center business, expecting continued strength in DRAM and NAND shipments through fiscal and calendar 2025.

Data Center Segment Growth

Data Center segment showed a robust growth trajectory, with record-setting revenue and market share performance. Data center revenue grew 40% sequentially and 400% year-over-year in FQ1, now making up over 50% of overall revenue.

Strong Position in Enterprise and Data Center SSD

Micron increased its market share in enterprise and data center SSDs, reaching approximately 14% in Q3 and growing sequentially in fiscal Q1. This segment now accounts for about 65% of their overall NAND business.

HBM and LPDDR5X Leadership

Micron is leading the market in LPDDR5X and HBM technologies, with significant innovations and strong demand from data centers. They expect to achieve their natural bit share in HBM by the second half of calendar 2025.

Manufacturing and Technology Advancements

Micron announced industry-leading products such as the 9550 fastest SSD and the first PCIe Gen5 60-terabyte SSD on the market, contributing to a solid performance.

---

Micron (GB:0R2T) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:0R2T Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 20, 2018	2018 (Q4)	- / 3.53	2.02	74.75% (+1.51)	―	―
Dec 18, 2018	2019 (Q1)	- / 2.97	2.45	21.22% (+0.52)	―	―
Mar 20, 2019	2019 (Q2)	- / 1.71	2.82	-39.36% (-1.11)	―	―
Jun 25, 2019	2019 (Q3)	- / 1.05	3.15	-66.67% (-2.10)	―	―
Sep 26, 2019	2019 (Q4)	- / 0.56	3.53	-84.14% (-2.97)	―	―
Dec 18, 2019	2020 (Q1)	- / 0.48	2.97	-83.84% (-2.49)	―	―
Mar 25, 2020	2020 (Q2)	- / 0.45	1.71	-73.68% (-1.26)	―	―
Jun 29, 2020	2020 (Q3)	- / 0.82	1.05	-21.90% (-0.23)	―	―
Sep 29, 2020	2020 (Q4)	- / 1.08	0.56	92.86% (+0.52)	―	―
Jan 07, 2021	2021 (Q1)	- / 0.78	0.48	62.50% (+0.30)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

GB:0R2T Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 18, 2024	$109.18	$86.76	-20.53%
Sep 25, 2024	$94.73	$108.96	+15.02%
Jun 26, 2024	$141.08	$134.01	-5.01%
Mar 20, 2024	$95.11	$110.15	+15.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---