Micron Technology (MU)

We raise F2025E (Aug) EPS for Micron (MU; $95.77; O/P) from $8.00 to $8.40 after the company produced solid FQ4 (Aug) EPS upside ($1.18 vs. our $1.12 and the Street’s $1.11) combined with an FQ1E…

We think the shares of Micron (MU; $89.40; O/P) will prove oversold when the company reports FQ4 (Aug) results and outlook on Wednesday (9/25 after market). Admittedly, Micron is now seeing inventory builds in the…

We raise our F2024/F2025E (Aug) EPS for Micron (MU; $142.36; O/P) from $0.90/$8.45 to a more than reasonable $1.20/$8.75, especially when it comes to pricing power and sales mix, after the company produced a solid…

Micron Technology (MU; $142.36; O/P) reported FQ3 (May) non-GAAP EPS of $0.62, which beat our consensus matching $0.48 on higher-than-expected sales ($6,811mm vs. our $6,625mm and consensus of $6,669mm). Recall, Micron called for FQ3 sales…

We raise our target on the shares of Micron (MU; $153.45; O/P) to $185 ahead of the company’s FQ3 (May) results and outlook, scheduled for next Thursday (6/26 after market). We believe recent supply chain…

This morning, Micron (MU; $123.04; O/P) disclosed in an 8-K that last week’s 7.4 magnitude earthquake in Taiwan will limit the company’s DRAM supply during CQ2E by a “mid-single digit percentage” as wafer capacity at…

Micron (MU; $96.25; O/P) left Street estimates “in the dust” with FQ2 (Feb) results and guidance as profits returned a quarter ahead of targets on the back of much better pricing, along with further operating…

Micron (MU; $93.15; E/W) is +18% since its late-December FQ1, suggesting the Street is looking for a pretty complete “beat and raise” with FQ2 (Feb) results and outlook next Wednesday (3/20). Consensus is most bullish…

This morning, Micron (MU; $90.73; E/W) added to yesterday’s news on the much-discussed HBM3E front (“Advancing Its AI Case”; 2/26) with a couple of interesting announcements around its initiatives into mobile device markets (~25% of…

This morning, Micron (MU; $90.44; E/W) announced it started volume production of its next generation high-bandwidth DRAM memory 3E (HBM3E) solution, which the company believes is well positioned to benefit from rising proliferation of generative…

Last week, we hosted an investor meeting for Micron’s (MU; $82.39; E/W) CFO Mark Murphy and the IR team during the Consumer Electronics Show (CES) in Las Vegas. The meeting largely focused on Micron’s DRAM…

We raise F2024/F2025E (Aug) EPS for Micron (MU; $78.69; E/W), after the full release of FQ1 (Nov) results and FQ2E (Feb) guidance, from ($1.60)/$3.60 to ($0.45)/$6.00 to better reflect its “extreme” supply discipline, which is…

The shares of Micron (MU; $81.79; E/W) are now up 20% since the company reported basically as-expected FQ4 (Aug) results on 9/27, including +12% over the past nine days, ahead of its full release of…

Micron (MU; $75.10; E/W) bumped up its FQ1 (Nov) non-GAAP outlook in conjunction with CEO Sanjay Mehrotra and CFO Mark Murphy presenting at an investor conference earlier this morning. Micron now expects FQ1E EPS losses…

We bump up our F2024E (Aug) EPS from a loss of ($2.60) to ($2.30) and raise F2025E EPS from $1.90 to $2.45 for Micron (MU; $68.21; E/W) after a basically as expected FQ4 (Aug) print…