Investor calls Micron a “buy” after Q4 adjusted EPS jumps to $33.42
AI Market Summary
Micron's fiscal Q4 results materially exceeded expectations, with adjusted EPS and revenue surging and next-quarter guidance coming in ~7% above consensus at the midpoint, reinforcing the narrative of sustained strength in memory demand. The initially muted after-hours reaction suggests elevated positioning and high expectations, but fundamentals and forward guidance should support near-term sentiment across semiconductors, despite slightly lower gross margin guidance sequentially.
Impact level
● Medium
Affected assets
NCSKMU2USD/USDT-0.94%
AI Insight · NCSKMU2USD/USDTAI Insight
▲ Bullish
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Micron reported fiscal 2024 fourth-quarter results, posting adjusted earnings of $33.42 per share, up more than tenfold year over year, while revenue rose 379% to $54.23 billion, both ahead of market expectations. The company forecast next-quarter revenue of $60 billion to $63 billion and adjusted EPS of $37.15 to $39.15. At the midpoint, that outlook is nearly 7% above Wall Street expectations, pointing to robust demand for memory chips.
