Micron Technology
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every quarter will be better than the last. Micron will double revenue and earnings over the next 4-5 years.
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Today Micron updated the market on its current quarters guidance and the stock is up in pre market trading.
Micron has today revised its projections for revenue, gross margin, operating expenses, and earnings per share (EPS) for the fourth quarter of fiscal 2025, concluding on 28 August 2025. Previously, the Company forecasted revenue of $10.7 billion ± $300 million, non-GAAP gross margins of 42.0% ± 1.0%, and non-GAAP EPS of $2.50 ± $0.15 for the fiscal fourth quarter.The Company has now updated its outlook for the fourth quarter of fiscal 2025, projecting revenue of $11.2 billion ± $100 million, non-GAAP gross margins of 44.5% ± 0.5%, and non-GAAP EPS of $2.85 ± $0.07.
This revised forecast reflects improved pricing, particularly for DRAM, and robust operational performance. Basically HBM sales are surging significantly. And I think they are still being conservative, $3 EPS? Maybe
Curiously it popped on Friday so someone knew this was coming. If todays pre market pop holds this would amount to a 15% gain in the last week.
The market has been wrong about MU consistently -thinking Samsung would dominate, however Samsung has struggled to obtain certification from Nvidia due to heat management and following that issue through the news over time, one could deduce that other players would gain share. That's exactly what happened.
Historical Q revenue. Now > $11B and its PE is actually about 10- Looks good value particularly given the growth rates.
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Great news ….i wonder what that expert will be writing about this week after his views from a few weeks ago ….
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Further, yesterday Micron's Chief Business Officer said the following. Basically they are 'sold out' until Dec 26.
What companies like Micron do is the bulk of the product will now be under contract. Micron will reserve some inventory to also sell on the spot market at potentially, much higher prices and of course they will likely increase yield through efficiency.
HBM4 is a key component in Rubin architecture (Blackwell-Next)