- Micron’s adjusted revenue for the fourth quarter reached $11.32 billion, marking a 46% increase year-over-year. This exceeded the estimated $11.15 billion.
- The adjusted earnings per share (EPS) stood at $3.03, significantly up from $1.18 the previous year and surpassing the estimated $2.84.
- The adjusted gross margin improved to 45.7%, compared to 36.5% last year, and exceeded the anticipated 44.3%.
- Adjusted operating income soared to $3.96 billion, a substantial rise from last year’s $1.75 billion, and was higher than the estimate of $3.67 billion.
- The adjusted operating income margin increased to 35%, up from 22.5% the previous year, beating the expected 33.2%.
- Adjusted operating expenses were recorded at $1.21 billion, a 12% rise year-over-year, which was slightly below the estimated $1.22 billion.
- Analyst recommendations on Micron include 38 buy ratings, 7 hold ratings, and 3 sell ratings.
Micron Technology on Smartkarma
Analyst coverage of Micron Technology on Smartkarma reveals positive sentiments and strategic developments for the company. Vincent Fernando, CFA highlights Micron’s structural advantage due to the transition to a “sticky pricing era” in the memory industry, positioning Micron and SK Hynix favorably over Nanya Tech. William Keating discusses the transformation of Micron’s customer relationships through customizations, leading to revenue increases and strategic partnerships. Nicolas Baratte emphasizes Micron’s strong performance driven by the rapid growth of HBM memory, with potential for significant revenue increases in the future, surpassing conservative sell-side forecasts.
William Keating also shares insights on Micron’s impressive earnings, highlighting the rebound of NAND and HBM’s annual run rate. Micron’s ongoing negotiations for HBM supply and pricing hint at potential strategic moves for the company. Vincent Fernando, CFA, further reinforces Micron’s AI-driven strength but notes the gradual recovery of the broader memory supply chain, indicating opportunities and challenges ahead for the company.
A look at Micron Technology Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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
Considering the Smartkarma Smart Scores for Micron Technology, the company appears to have a positive long-term outlook. With a strong momentum score of 5, Micron Technology is showing promising signs of continued growth and performance. Additionally, the company’s high resilience score of 4 suggests that it has the ability to withstand market fluctuations and challenges. While the value and growth scores are moderate at 3, indicating a fair valuation and growth potential, the lower dividend score of 2 implies that the company may not be prioritizing dividend payouts at this time. Overall, Micron Technology seems well-positioned for growth and resilience in the long run.
As a manufacturer and marketer of various semiconductor components, including DRAMs, SRAMs, Flash Memory, and memory modules, Micron Technology, Inc. plays a significant role in the tech industry. The company’s focus on innovation and technology is reflected in its strong momentum and resilience scores, showcasing its ability to adapt to changing market conditions. While the value and growth scores are average, the overall outlook for Micron Technology appears positive, highlighting its potential for continued success and growth in the semiconductor sector.
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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