| | | Oops RtS Error - MU is reporting on Dec 18 but last quarter they beat and raised. I treat MU as the first stock to report during the next quarter. We have yet to finish the reports for this quarter and we are already talking MU. My aging mind thought 4th quarter earnings. Nope, I will be putting MU in as the 1st of the 1st quarter of 2025. I know... that is not quite right either.
Regardless MU reported earnings of 1.18 last quarter and raised their guidance. By how much? You be the judge based upon what they said on Sept 25:
Micron beats by $0.07, beats on revs; guides Q1 EPS above consensus, revs above consensus
4:12 PM ET 9/25/24 | Briefing.com
Reports Q4 (Aug) earnings of $1.18 per share, excluding non-recurring items, $0.07 better than the FactSet Consensus of $1.11; revenues rose 93.3% year/year to $7.75 bln vs the $7.65 bln FactSet Consensus.Non-GAAP gross margin of 36.5% compared to 28.1% in Q3.Co issues upside guidance for Q1, sees EPS of $1.74, +/- $0.08, equating to $1.66-$1.82, excluding non-recurring items, vs. $1.52 FactSet Consensus; sees Q1 revs of $8.70 bln, +/- $200 mln, equating to $8.50-$8.90 bln vs. $8.27 bln FactSet Consensus. Sees Non-GAAP gross margin of 39.5%, +/- 1.0%."Micron delivered 93% year-over-year revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of our data center DRAM products and our industry-leading high bandwidth memory. Our NAND revenue record was led by data center SSD sales, which exceeded $1 billion in quarterly revenue for the first time," said Micron Technology President and CEO Sanjay Mehrotra. |
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