Micron Technology Inc (BSP:MUTC34)

R$ 101.6 4.39 (4.52%) Market Cap: 675.89 Bil Enterprise Value: 710.51 Bil PE Ratio: 155.13 PB Ratio: 2.59 GF Score: 76/100

Q4 2024 Micron Technology Inc Earnings Call Transcript

Sep 25, 2024 / 08:30PM GMT

Release Date Price: R$87.7 (+2.68%)

Transcript 10-K8-K

Key Points

Positve

Micron Technology Inc (MU) delivered fiscal Q4 revenue at the high end of the guidance range, with gross margins and EPS above expectations.
The company achieved record high revenues in NAND and its storage business unit, with fiscal 2024 revenue growing over 60%.
Micron Technology Inc (MU) is entering fiscal 2025 with the strongest competitive positioning in its history, with leadership in 1-beta DRAM and G8 and G9 NAND process technology.
The company is making significant investments to support AI-driven demand, with its manufacturing network well-positioned to execute on these opportunities.
Micron Technology Inc (MU) expects to deliver a substantial revenue record with significantly improved profitability in fiscal 2025, beginning with record quarterly revenue in fiscal Q1.

Negative

Despite the positive outlook, Micron Technology Inc (MU) faces risks and uncertainties that may cause actual results to differ materially from forward-looking statements.
The company's fiscal Q4 ending inventory was $8.9 billion or 158 days, up 3 days from the prior quarter, indicating potential inventory management challenges.
Micron Technology Inc (MU) expects fiscal 2025 DRAM front-end cost reductions, excluding HBM, to be in the mid- to high single-digit percentage range, which may impact overall cost efficiency.
The company's fiscal 2025 CapEx is expected to be meaningfully higher, driven by growth in greenfield fab construction and HBM CapEx investments, which could strain financial resources.
Micron Technology Inc (MU) faces competitive pressures in the HBM market, with potential oversupply concerns if additional suppliers enter the market.

Operator

Thank you for standing by, and welcome to Micron's Fourth Quarter 2024 Financial Call.

(Operator Instructions) As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Satya Kumar, Investor Relations. Please go ahead, sir.

Satya Kumar

Micron Technology Inc - Investor Relations

Thank you, and welcome to Micron Technology's fiscal fourth quarter 2024 Financial Conference Call. On the call with me today are Sanjay Mehrotra, our President and CEO; and Mark Murphy, our CFO. Today's call is being webcast from our Investor Relations site at investors.micron.com including audio and slides. In addition, the press release detailing our quarterly results has been posted on the website, along with the prepared remarks for this call.

Today's discussion of financial results is presented on a non-GAAP financial basis, unless otherwise specified. A reconciliation of GAAP to non-GAAP financial measures can be found on our website. We encourage you to visit our website at micron.com throughout

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.