EARNINGS $POTLIGHT
Micron Technologies Earnings
Mar 21, 2025
Micron's earnings reports are vital because they: 1) indicate the semiconductor industry's health and reflect key tech trends like AI and data center demands, 2) influence tech market sentiment and act as an economic indicator, and 3) provide insights into future growth and market direction through their guidance.
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Name: Micron Technologies
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Ticker: MU
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Earnings: March 20th AMC
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Consensus EPS: $1.28
Ticker: MU
Earnings: March 20th AMC
Consensus EPS: $1.28
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Humble Beginnings:
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Micron was founded in Boise, Idaho, in 1978, initially as a semiconductor design consulting company.
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Early funding came from local Idaho businessmen, and notably, from J.R. Simplot, the "potato king," whose company supplied potatoes to McDonald's. This connection led to McDonald's also investing in Micron.
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They began their operations from the basement of a dentists office.
From Consulting to Manufacturing:
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They shifted from consulting to manufacturing, producing 64K DRAM chips in 1981.
Pioneering Technology:
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Micron has been at the forefront of memory technology, contributing to advancements like atomic layer deposition high-k films for DRAM.
Broad Impact:
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Micron's memory and storage solutions are essential components in a wide range of devices, from personal computers and smartphones to data centers and automotive systems.
Humble Beginnings:
Micron was founded in Boise, Idaho, in 1978, initially as a semiconductor design consulting company.
Early funding came from local Idaho businessmen, and notably, from J.R. Simplot, the "potato king," whose company supplied potatoes to McDonald's. This connection led to McDonald's also investing in Micron.
They began their operations from the basement of a dentists office.
From Consulting to Manufacturing:
They shifted from consulting to manufacturing, producing 64K DRAM chips in 1981.
Pioneering Technology:
Micron has been at the forefront of memory technology, contributing to advancements like atomic layer deposition high-k films for DRAM.
Broad Impact:
Micron's memory and storage solutions are essential components in a wide range of devices, from personal computers and smartphones to data centers and automotive systems.
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PRE-EARNINGS CONTEXT
Revised
POST EARNINGS TAKES
YAHOO FINANCE VIA GURU FOCUS
Micron Technology is poised for significant gains due to increased Nvidia GPU memory usage, rising DRAM prices, and anticipated strong Q2 earnings, according to Citi analysts and TrendForce.
INVESTING.COM
Investing.com reports Micron Technology exceeded Q2 earnings and revenue expectations, driven by strong data center demand, and projected record Q3 revenue. 1 However, Q3 earnings and gross margin guidance fell short of analyst estimates, leading to initial stock gains being largely erased. Despite this mixed outlook, analysts, particularly at Morgan Stanley, maintain a bullish view on Micron's long-term potential, especially within the AI sector.