Disappointing Micron Guidance despite Strong Earnings
"Hey, guys. Yeah, this is a stock that is down about 3% right now, even as it gave a forecast that was generally upbeat, kind of highlighting how lofty the expectations are from investors around AI. Fiscal first quarter revenue will be around $12.5 billion. That's above what Wall Street expected. The average was $11.9 billion, but some estimates went as high as $13 billion. Micron's stock has, of course, doubled this year, rising at a faster pace than some of its peers, reflecting all the AI-fueled optimism."
Micron Technology posted an upbeat earnings forecast with Q1 revenue expected around $12.5 billion, surpassing average estimates. Despite strong figures and a doubled stock price year-to-date spurred by AI optimism in the sector, the stock declined by about 3%, possibly due to overly high investor expectations and bullish sell-side reviews setting a lofty benchmark.
Trade Call: Consider Buying Micron Technology (MU) on Strong Earnings
"and Micron Technology Mu, with its strong earnings, could be an attractive specific tech play."
The host suggests that investors consider buying Micron Technology (MU) as it delivered robust earnings and guidance, making it an appealing tech play in the current market environment.
Micron Beats Expectations on AI Demand
"Micron is in the green. It's up nine-tenths of 1%, even after rallying 45% in September. They came out with a beat on revenue and provided solid guidance on the back of AI demand."
Micron Technology reported earnings that beat expectations and provided robust guidance, driven by increasing demand for high-bandwidth memory chips essential for AI developments. Despite a strong rally in recent weeks, the positive earnings and guidance underline its role in the evolving AI landscape.
Micron Beats Earnings and Ups Guidance, Positioning for AI Opportunity
"Micron earnings are crossing the wire right now. The maker of that high-end memory and storage chips for its fiscal fourth quarter reported EPS of $3.03 versus the $2.84 consensus, revenue of $11.32 billion versus $11.15 billion, and gross margins expanding to about 45.7%. In the press release, CEO Sanjay Mehrotra said the company is uniquely positioned to capitalize on the AI opportunity ahead."
Micron reported a strong Q4 performance with beats on EPS, revenue, and margin. The guidance for fiscal Q1, including higher revenue and adjusted EPS ranges as well as expanded gross margins, reinforces their positioning, particularly in the AI segment. This news provides bullish investor color on the stock.
Micron Benefiting from AI Demand
"So Micron is the largest US maker of computer memory chips, and they get an upbeat forecast for the current quarter, helped, of course, by demand for AI equipment. So fiscal first quarter revenue will be roughly $12.5 billion. ... really becoming this key beneficiary of AI spending."
Micron is highlighted as a key beneficiary of increasing AI spending and demand for high bandwidth memory critical for AI applications. The upbeat quarter guidance, with fiscal Q1 revenue around $12.5 billion and solid earnings results, paints a bullish picture for the company.
Micron Earnings Beat and Guidance Lift
"Micron has been quite extended ahead of earnings, but up 1.5% in after markets. They raised guidance about a month ago and are now beating raised views, signaling strong growth."
Ed Carson comments on Micron (ticker: MU) following its earnings report. He notes that after an extended run before earnings, the stock has moderated slightly in after-hours trading while still showing strength. The raised guidance for fiscal 2026 and positive post-earnings action hint at a solid growth trajectory, making Micron a key player in the chip and data storage sector.
Long NVIDIA-Backed Data Center Growth Fuels Micron Earnings Trade
"Micron is expected to blow out its earnings and could cross 175 at the open tomorrow. Every earnings report over the past two years backed by growing data center demand justifies adding to my position."
The speaker issues a trade call for Micron Technology (MU), forecasting a strong earnings beat driven by increased demand in AI data centers. With the stock already rising from around $89 to the mid-$160s, the call is to capitalize on an anticipated further run, making it a viable long-term bullish play.
Micron Earnings and AI Demand Outlook
"I mean, Micron\'s been incredible. It actually pre-announced earnings. So there\'s not much of a surprise that\'s going to be expected. The company is supposed to report a profit of $2.50. That\'s more than doubling. The prior year is $1 per share. And sales are supposed to increase to $11.2 billion from $7.8 billion. There\'s just been massive demand for what\'s called high bandwidth memory. Again, for AI and everything else that\'s going on with the chip market."
The panel highlights Micron\'s impressive pre-announced earnings with double the profit year-over-year and significant sales growth driven by high bandwidth memory demand, notably fueled by AI-related trends. The commentary suggests a bullish view contingent on management confirming that this surge is part of a sustained cycle rather than a one-off catch-up event.
Micron Earnings Commentary
"Micron is set to report full quarter earnings with a projected 142% year-over-year surge in EPS. Their revenue growth of 58% and strong momentum over various time frames make this a compelling earnings play."
Company commentary on Micron's upcoming earnings report, emphasizing strong EPS growth projections and robust performance metrics.
Micron (MU) Quant Signal Suggests Buying on Dips Around 122
"Micron had a strong quant signal turning to a strong buy at 122. Wall Street now values it at 151, but if you didn0 get in at 122, you might want to wait for that dip."
The host discusses Micron (MU) as having a strong quantitative buy signal with an optimal entry around $122. With current trading levels near $154 and Wall Street price targets around $151, he implies that waiting for the dip to around 122 could maximize returns.