Micron benefited from HBM, financial reporting and financial measurement disk 7% after-swelling
Micron Technology Inc., a major American memory manufacturer, benefited from the strong demand for high-frequency wide memory (HBM) for AI. It not only made a profit last quarter and saw its expectations for the Wall Street, but also had a strong outlook.
MarketWatch, Reuters and other foreign power reports, Micron announced its third quarter (March-May) financial report on the 25th: its annual revenue increase of 37% to US$9.3 billion in record records; the adjusted non-GAAP earnings per share was US$1.91, far higher than US$0.62 in the same period last year. According to FactSet survey, the analyst originally predicted that Q3 revenue would be US$8.9 billion and US$1.6.
(Source: Micron)
Microtron executive Sanjay Mehrotra said in a financial statement that the company will make a record of revenues, as well as stable pure profits and free cash flows in 2025. At the same time, Micron will also make regular investments, gaining technological leadership and optimize manufacturing capabilities to meet the growing demand for AI memory.
Micron said that Q3 acquisitions were mainly driven by the high-altitude DRAM sales, including a quarterly increase of nearly 50% of HBM acquisitions. In addition, Q3 data center revenue exceeded double its growth in the same period last year, and "consumer-oriented end market also had strong quarterly growth."
During the period, Micron adjusted Non-GAAP gross profit margin reached 39%.
Looking ahead to Q4, Micron predicts that its operating income will reach US$10.7 billion (with a decrease of US$300 million), and its gross profit margin will reach 42% (with a decrease of 1 percentage point); its earnings per share will reach US$2.5 (with a decrease of US$0.15). According to the LSEG survey, the analyst originally predicted that the gross profit margin of Non-GAAP in Q4 will reach US$9.88 billion and 39.15%.
Microphone fell 0.52% in the normal market on the 25th and closed at $127.25; the market rose by more than 7% after that, but soon after, it rose sharply to close, and only 0.83% to $128.31 by press time.
