Micron Technology is set to report earnings on December 17th. We’ll take a look at what investors can expect from the company.
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Micron Technology is scheduled to release its fiscal fourth-quarter report after the market closes on Thursday, June 29. Analysts expect Micron to report earnings of $ 3.11 per share, up from $ 2.45 in the same quarter last year.
The company’s guidance for the fiscal fourth quarter was for earnings in the range of $ 3.12 to $ 3.16 per share, with analysts expecting Micron to report at the high end of that range.
For the full year, analysts expect earnings of $ 11.48 per share, up from $ 9.31 in fiscal 2016.
Revenue for the fiscal fourth quarter is expected to be $ 6.84 billion, up from $ 5 billion in the same quarter last year and above Micron’s guidance for revenue in the range of $ 6.7 billion to $ 6.8 billion .
What is Micron Technology?
Micron Technology, Inc. is an American multinational corporation headquartered in Boise, Idaho that produces many forms of semiconductor devices, including dynamic random-access memory, flash memory, solid-state drives, and other types of integrated circuits.
History of Micron Technology
Micron Technology is a American multinational corporation that producescomputer memory and storage devices.
The company was founded in 1978 as a joint venture between Advanced Micro Devices (AMD) and Intel, with each company owning 50% of the new business. The following year, Micron was spun off as an independent company.
Micron has been through several ownership changes since its inception. In 1985, Japanese electronics companies Toshiba and Hitachi acquired a majority stake in the company. In 1996, Micron became a publicly traded company again when it was listed on the Nasdaq Stock Market.
In 2012, Micron completed the acquisition of Elpida Memory, a Japanese memory manufacturer, for $2.5 billion. This made Micron the second-largest DRAM manufacturer in the world behind Samsung Electronics.
In 2014, Micron announced that it would acquire semiconductor testing equipment manufacturer Invensas Corporation for $600 million.
Micron Technology reports earnings on a quarterly basis. The company’s fiscal year runs from August to July. Below is a table of Micron’s reported earnings per share by quarter over the last five years:
Q1 2014 $0.84
Q2 2014 $0.90
Q3 2014 $1.09
Q4 2014 $0.97
Products and Services Offered by Micron Technology
Micron Technology is a publicly traded company that offers a variety of products and services related to semiconductor memory and storage. Micron’s main products are dynamic random-access memory (DRAM) and flash memory. The company also manufactures other semiconductor devices, such as solid-state drives (SSDs), CMOS image sensors, parallel NAND flash, GUI controllers, and DRAM modules. Micron offers services for fabless semiconductor design, wafer foundry operations, packaging and test of integrated circuits, as well as global logistics and supply chain management.
Why Micron Technology is Important
Micron Technology is important because it is one of the largest semiconductor companies in the world. As a result, it plays a significant role in the production of electronic devices. In addition, Micron Technology is a leading innovator in the development of new technologies.
How Micron Technology Makes Money
Micron Technology is a American semiconductor company based in Boise, Idaho. The company produces many types of semiconductor devices, including DRAM, flash memory, and SSDs. Micron is one of the largest manufacturers of DRAM in the world, and it also manufactures NAND flash memory chips for use in solid state drives (SSDs).
The majority of Micron’s revenue comes from the sale of DRAM and NAND chips. DRAM is used in computers and other electronic devices as main memory (the working memory used by the processor). NAND flash memory is used for storage in SSDs, as well as in smartphones, digital cameras, and other electronic devices.
In addition to selling DRAM and NAND chips to original equipment manufacturers (OEMs), Micron also sells these types of chips to retailers through its Crucial brand. The Crucial brand is targeted at consumers and includes both DRAM and NAND products.
Key Financial Metrics of Micron Technology
Micron Technology is scheduled to release its next quarterly earnings report on Thursday, April 25th. Micron Technology shares last traded at $29.77, with a volume of 35,856,665 shares traded. The company has a market capitalization of $52.40 billion and generates $30.58 billion in revenue each year. The firm’s earnings per share for the current fiscal quarter is $0.48.
Wall Street analysts expect Micron Technology to post earnings per share of $0.48 for the current fiscal quarter. For the next fiscal year, analysts expect that the company will report earnings per share of $3.12, with EPS estimates ranging from $2.92 to $3.31. Zacks Investment Research also issued their research report on the company yesterday, setting a “buy” rating and a $33 price objective for the company in a research note to investors.
Micron Technology’s Earnings Report
Micron Technology is set to report earnings on July 28th. The company will report before market open, and a conference call will follow at 5:30pm ET.
Analysts are expecting Micron Technology to report earnings per share of $0.32 on revenue of $4.79 billion.
In the same quarter last year, Micron Technology reported EPS of $0.29 on revenue of $4.23 billion.
Micron Technology’s stock closed at $42.78 on July 27th, up 1.60% for the day.
What to Watch for in Micron Technology’s Earnings Report
As Micron Technology (NASDAQ:MU) prepares to report its fourth-quarter and full-year earnings on March 21, investors will be looking for clues about the company’s prospects for the year ahead. Here are three things to watch for in the report.
First, investors will be looking for an update on Micron’s progress in transitioning to next-generation memory technologies. The company is investing heavily in research and development to stay ahead of the curve in this rapidly changing industry, and any update on its progress will be of interest to investors.
Second, Micron’s gross margin is a key metric to watch. The company has been able to maintain healthy margins despite intense competition in the memory market, but that could change if pricing pressure increases. Any guidance from management on gross margin going forward will be closely watched by investors.
Finally, Micron’s cash flow situation is worth monitoring. The company has been cash flow positive in recent quarters, but its large debt load means that it is still highly leveraged. Any update on Micron’s plans to reduce its debt burden will be of interest to investors.
As you can see from the table, Micron Technology is scheduled to report earnings on Thursday, April 25th. In addition, Micron Technology is expected to release its earnings report for the first quarter of 2019 on the same day.