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2024-12-19
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Micron's Stock Skids 15% as AI Momentum Doesn't Make up for Pressures Elsewhere
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The FactSet consensus called for $8.94 billion.</p><p>"The NAND industry market conditions are weak, weaker than we had expected," Chief Financial Officer Mark Murphy said on the earnings call. Meanwhile, demand in the PC, smartphone and other consumer segments are weaker as well and "inventory adjustments are occurring."</p><p>Micron expects $1.33 to $1.53 in adjusted earnings per share for the fiscal second quarter, below the $1.91 consensus view. And Micron is calling for a 38.5% adjusted gross margin at the midpoint, down by one percentage point on a sequential basis.</p><p>Shares were sliding 15% in Wednesday's extended session.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3ea166d05648a7f25d87a9d17af43b82\" tg-width=\"805\" tg-height=\"846\"/></p><p>The company posted $8.71 billion in overall revenue for the fiscal first quarter, matching what analysts tracked by FactSet were modeling.</p><p>"While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year," Chief Executive Sanjay Mehrotra said in a release. "We continue to gain share in the highest-margin and strategically important parts of the market and are exceptionally well-positioned to leverage AI-driven growth to create substantial value for all stakeholders."</p><p>Micron saw data-center revenue make up more than half of total revenue for the first time in the latest quarter.</p><p>The earnings report has been highly anticipated within the chip sector given big moves in chip stocks, partly fueled by Broadcom Inc.'s <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a> strong outlook. That had investors again digging beyond Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> for semiconductor-sector beneficiaries of artificial-intelligence spending.</p><p>Some analysts foresaw the possibility that near-term pricing dynamics would weigh on Micron's results and outlook. Of interest was Micron's discussion of the potential for its high-bandwidth-memory business, which is useful for AI.</p><p>"We are on track to achieve our HBM targets and also deliver a substantial record in Micron revenue, significantly improved profitability and positive free cash flow in fiscal 2025," Mehrotra said in his prepared remarks. The company expects "multiple billions of dollars" in revenue from the category.</p><p>HBM revenue more than doubled sequentially in the latest quarter, he noted. Gross margins for the product "were significantly accretive to both DRAM and overall company gross margins," according to Mehrotra.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron's Stock Skids 15% as AI Momentum Doesn't Make up for Pressures Elsewhere</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron's Stock Skids 15% as AI Momentum Doesn't Make up for Pressures Elsewhere\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-19 06:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Micron Technology Inc. badly missed with its outlook for the latest quarter, which could stoke fears about near-term dynamics in the memory market.</p><p>For the fiscal second quarter, Micron <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> projected $7.90 billion in revenue at the midpoint, with $200 million in variability on each end. The FactSet consensus called for $8.94 billion.</p><p>"The NAND industry market conditions are weak, weaker than we had expected," Chief Financial Officer Mark Murphy said on the earnings call. Meanwhile, demand in the PC, smartphone and other consumer segments are weaker as well and "inventory adjustments are occurring."</p><p>Micron expects $1.33 to $1.53 in adjusted earnings per share for the fiscal second quarter, below the $1.91 consensus view. And Micron is calling for a 38.5% adjusted gross margin at the midpoint, down by one percentage point on a sequential basis.</p><p>Shares were sliding 15% in Wednesday's extended session.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3ea166d05648a7f25d87a9d17af43b82\" tg-width=\"805\" tg-height=\"846\"/></p><p>The company posted $8.71 billion in overall revenue for the fiscal first quarter, matching what analysts tracked by FactSet were modeling.</p><p>"While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year," Chief Executive Sanjay Mehrotra said in a release. "We continue to gain share in the highest-margin and strategically important parts of the market and are exceptionally well-positioned to leverage AI-driven growth to create substantial value for all stakeholders."</p><p>Micron saw data-center revenue make up more than half of total revenue for the first time in the latest quarter.</p><p>The earnings report has been highly anticipated within the chip sector given big moves in chip stocks, partly fueled by Broadcom Inc.'s <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a> strong outlook. That had investors again digging beyond Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> for semiconductor-sector beneficiaries of artificial-intelligence spending.</p><p>Some analysts foresaw the possibility that near-term pricing dynamics would weigh on Micron's results and outlook. Of interest was Micron's discussion of the potential for its high-bandwidth-memory business, which is useful for AI.</p><p>"We are on track to achieve our HBM targets and also deliver a substantial record in Micron revenue, significantly improved profitability and positive free cash flow in fiscal 2025," Mehrotra said in his prepared remarks. The company expects "multiple billions of dollars" in revenue from the category.</p><p>HBM revenue more than doubled sequentially in the latest quarter, he noted. Gross margins for the product "were significantly accretive to both DRAM and overall company gross margins," according to Mehrotra.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) INC (M)","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","BK4549":"软银资本持仓","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"AG\" (USD) ACC","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0861579265.USD":"联博低波幅策略股票基金A","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","MU":"美光科技","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","BK4141":"半导体产品","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2492168499","content_text":"Micron Technology Inc. badly missed with its outlook for the latest quarter, which could stoke fears about near-term dynamics in the memory market.For the fiscal second quarter, Micron $(MU)$ projected $7.90 billion in revenue at the midpoint, with $200 million in variability on each end. The FactSet consensus called for $8.94 billion.\"The NAND industry market conditions are weak, weaker than we had expected,\" Chief Financial Officer Mark Murphy said on the earnings call. Meanwhile, demand in the PC, smartphone and other consumer segments are weaker as well and \"inventory adjustments are occurring.\"Micron expects $1.33 to $1.53 in adjusted earnings per share for the fiscal second quarter, below the $1.91 consensus view. And Micron is calling for a 38.5% adjusted gross margin at the midpoint, down by one percentage point on a sequential basis.Shares were sliding 15% in Wednesday's extended session.The company posted $8.71 billion in overall revenue for the fiscal first quarter, matching what analysts tracked by FactSet were modeling.\"While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year,\" Chief Executive Sanjay Mehrotra said in a release. \"We continue to gain share in the highest-margin and strategically important parts of the market and are exceptionally well-positioned to leverage AI-driven growth to create substantial value for all stakeholders.\"Micron saw data-center revenue make up more than half of total revenue for the first time in the latest quarter.The earnings report has been highly anticipated within the chip sector given big moves in chip stocks, partly fueled by Broadcom Inc.'s $(AVGO)$ strong outlook. That had investors again digging beyond Nvidia Corp. $(NVDA)$ for semiconductor-sector beneficiaries of artificial-intelligence spending.Some analysts foresaw the possibility that near-term pricing dynamics would weigh on Micron's results and outlook. Of interest was Micron's discussion of the potential for its high-bandwidth-memory business, which is useful for AI.\"We are on track to achieve our HBM targets and also deliver a substantial record in Micron revenue, significantly improved profitability and positive free cash flow in fiscal 2025,\" Mehrotra said in his prepared remarks. The company expects \"multiple billions of dollars\" in revenue from the category.HBM revenue more than doubled sequentially in the latest quarter, he noted. Gross margins for the product \"were significantly accretive to both DRAM and overall company gross margins,\" according to Mehrotra.","news_type":1,"symbols_score_info":{"MU":1.1}},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":383155088859304,"gmtCreate":1734572172144,"gmtModify":1734572410043,"author":{"id":"4189238461490632","authorId":"4189238461490632","name":"Oldllllll","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4189238461490632","idStr":"4189238461490632"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383155088859304","repostId":"2492168499","repostType":2,"repost":{"id":"2492168499","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1734562712,"share":"https://ttm.financial/m/news/2492168499?lang=en_US&edition=fundamental","pubTime":"2024-12-19 06:58","market":"hk","language":"en","title":"Micron's Stock Skids 15% as AI Momentum Doesn't Make up for Pressures Elsewhere","url":"https://stock-news.laohu8.com/highlight/detail?id=2492168499","media":"Dow Jones","summary":"Micron Technology Inc. badly missed with its outlook for the latest quarter, which could stoke fears about near-term dynamics in the memory market.For the fiscal second quarter, Micron $(MU)$ projecte","content":"<html><head></head><body><p>Micron Technology Inc. badly missed with its outlook for the latest quarter, which could stoke fears about near-term dynamics in the memory market.</p><p>For the fiscal second quarter, Micron <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> projected $7.90 billion in revenue at the midpoint, with $200 million in variability on each end. The FactSet consensus called for $8.94 billion.</p><p>"The NAND industry market conditions are weak, weaker than we had expected," Chief Financial Officer Mark Murphy said on the earnings call. Meanwhile, demand in the PC, smartphone and other consumer segments are weaker as well and "inventory adjustments are occurring."</p><p>Micron expects $1.33 to $1.53 in adjusted earnings per share for the fiscal second quarter, below the $1.91 consensus view. And Micron is calling for a 38.5% adjusted gross margin at the midpoint, down by one percentage point on a sequential basis.</p><p>Shares were sliding 15% in Wednesday's extended session.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3ea166d05648a7f25d87a9d17af43b82\" tg-width=\"805\" tg-height=\"846\"/></p><p>The company posted $8.71 billion in overall revenue for the fiscal first quarter, matching what analysts tracked by FactSet were modeling.</p><p>"While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year," Chief Executive Sanjay Mehrotra said in a release. "We continue to gain share in the highest-margin and strategically important parts of the market and are exceptionally well-positioned to leverage AI-driven growth to create substantial value for all stakeholders."</p><p>Micron saw data-center revenue make up more than half of total revenue for the first time in the latest quarter.</p><p>The earnings report has been highly anticipated within the chip sector given big moves in chip stocks, partly fueled by Broadcom Inc.'s <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a> strong outlook. That had investors again digging beyond Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> for semiconductor-sector beneficiaries of artificial-intelligence spending.</p><p>Some analysts foresaw the possibility that near-term pricing dynamics would weigh on Micron's results and outlook. Of interest was Micron's discussion of the potential for its high-bandwidth-memory business, which is useful for AI.</p><p>"We are on track to achieve our HBM targets and also deliver a substantial record in Micron revenue, significantly improved profitability and positive free cash flow in fiscal 2025," Mehrotra said in his prepared remarks. The company expects "multiple billions of dollars" in revenue from the category.</p><p>HBM revenue more than doubled sequentially in the latest quarter, he noted. Gross margins for the product "were significantly accretive to both DRAM and overall company gross margins," according to Mehrotra.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Micron's Stock Skids 15% as AI Momentum Doesn't Make up for Pressures Elsewhere</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicron's Stock Skids 15% as AI Momentum Doesn't Make up for Pressures Elsewhere\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-19 06:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Micron Technology Inc. badly missed with its outlook for the latest quarter, which could stoke fears about near-term dynamics in the memory market.</p><p>For the fiscal second quarter, Micron <a href=\"https://laohu8.com/S/MU\">$(MU)$</a> projected $7.90 billion in revenue at the midpoint, with $200 million in variability on each end. The FactSet consensus called for $8.94 billion.</p><p>"The NAND industry market conditions are weak, weaker than we had expected," Chief Financial Officer Mark Murphy said on the earnings call. Meanwhile, demand in the PC, smartphone and other consumer segments are weaker as well and "inventory adjustments are occurring."</p><p>Micron expects $1.33 to $1.53 in adjusted earnings per share for the fiscal second quarter, below the $1.91 consensus view. And Micron is calling for a 38.5% adjusted gross margin at the midpoint, down by one percentage point on a sequential basis.</p><p>Shares were sliding 15% in Wednesday's extended session.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3ea166d05648a7f25d87a9d17af43b82\" tg-width=\"805\" tg-height=\"846\"/></p><p>The company posted $8.71 billion in overall revenue for the fiscal first quarter, matching what analysts tracked by FactSet were modeling.</p><p>"While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year," Chief Executive Sanjay Mehrotra said in a release. "We continue to gain share in the highest-margin and strategically important parts of the market and are exceptionally well-positioned to leverage AI-driven growth to create substantial value for all stakeholders."</p><p>Micron saw data-center revenue make up more than half of total revenue for the first time in the latest quarter.</p><p>The earnings report has been highly anticipated within the chip sector given big moves in chip stocks, partly fueled by Broadcom Inc.'s <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a> strong outlook. That had investors again digging beyond Nvidia Corp. <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> for semiconductor-sector beneficiaries of artificial-intelligence spending.</p><p>Some analysts foresaw the possibility that near-term pricing dynamics would weigh on Micron's results and outlook. Of interest was Micron's discussion of the potential for its high-bandwidth-memory business, which is useful for AI.</p><p>"We are on track to achieve our HBM targets and also deliver a substantial record in Micron revenue, significantly improved profitability and positive free cash flow in fiscal 2025," Mehrotra said in his prepared remarks. The company expects "multiple billions of dollars" in revenue from the category.</p><p>HBM revenue more than doubled sequentially in the latest quarter, he noted. Gross margins for the product "were significantly accretive to both DRAM and overall company gross margins," according to Mehrotra.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) INC (M)","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","BK4549":"软银资本持仓","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"AG\" (USD) ACC","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0861579265.USD":"联博低波幅策略股票基金A","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","MU":"美光科技","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","BK4141":"半导体产品","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2492168499","content_text":"Micron Technology Inc. badly missed with its outlook for the latest quarter, which could stoke fears about near-term dynamics in the memory market.For the fiscal second quarter, Micron $(MU)$ projected $7.90 billion in revenue at the midpoint, with $200 million in variability on each end. The FactSet consensus called for $8.94 billion.\"The NAND industry market conditions are weak, weaker than we had expected,\" Chief Financial Officer Mark Murphy said on the earnings call. Meanwhile, demand in the PC, smartphone and other consumer segments are weaker as well and \"inventory adjustments are occurring.\"Micron expects $1.33 to $1.53 in adjusted earnings per share for the fiscal second quarter, below the $1.91 consensus view. And Micron is calling for a 38.5% adjusted gross margin at the midpoint, down by one percentage point on a sequential basis.Shares were sliding 15% in Wednesday's extended session.The company posted $8.71 billion in overall revenue for the fiscal first quarter, matching what analysts tracked by FactSet were modeling.\"While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year,\" Chief Executive Sanjay Mehrotra said in a release. \"We continue to gain share in the highest-margin and strategically important parts of the market and are exceptionally well-positioned to leverage AI-driven growth to create substantial value for all stakeholders.\"Micron saw data-center revenue make up more than half of total revenue for the first time in the latest quarter.The earnings report has been highly anticipated within the chip sector given big moves in chip stocks, partly fueled by Broadcom Inc.'s $(AVGO)$ strong outlook. That had investors again digging beyond Nvidia Corp. $(NVDA)$ for semiconductor-sector beneficiaries of artificial-intelligence spending.Some analysts foresaw the possibility that near-term pricing dynamics would weigh on Micron's results and outlook. Of interest was Micron's discussion of the potential for its high-bandwidth-memory business, which is useful for AI.\"We are on track to achieve our HBM targets and also deliver a substantial record in Micron revenue, significantly improved profitability and positive free cash flow in fiscal 2025,\" Mehrotra said in his prepared remarks. The company expects \"multiple billions of dollars\" in revenue from the category.HBM revenue more than doubled sequentially in the latest quarter, he noted. Gross margins for the product \"were significantly accretive to both DRAM and overall company gross margins,\" according to Mehrotra.","news_type":1,"symbols_score_info":{"MU":1.1}},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
