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Micron (MU)
NASDAQ:MU
Earnings Data
Report Date
Mar 26, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.44Last Year’s EPS
0.42Same Quarter Last Year
Strong Buy
Based on 23 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 18, 2024
|% Change Since: -0.56%
|Next Earnings Date:Mar 26, 2025
Earnings Call Sentiment|Neutral
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.
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MU Earnings History
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
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MU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 18, 2024 | $103.76 | $86.98 | -16.17% |
| Sep 25, 2024 | $95.54 | $109.61 | +14.73% |
| Jun 26, 2024 | $141.89 | $131.79 | -7.12% |
| Mar 20, 2024 | $95.84 | $109.38 | +14.13% |
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.
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FAQ
When does Micron (MU) report earnings?
Micron (MU) is schdueled to report earning on Mar 26, 2025, TBA Not Confirmed.
What is Micron (MU) earnings time?
Micron (MU) earnings time is at Mar 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MU EPS forecast?
MU EPS forecast for the fiscal quarter 2025 (Q2) is 1.44.
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