Micron Technology (MU, $90.05) beats fiscal Q1 expectations; posts strong Q2 guidance
Micron Technology reported earnings that surpassed analysts’ expectations. The chipmaker also posted a strong outlook.
For the fiscal first quarter, Micron’s earnings came in at $2.04 a share, compared with 71 cents a share in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, for the quarter were $2.16 a share, compared with 78 cents a share in the year-ago period. Analysts polled by FactSet expected adjusted earnings of $2.10 a share.
Revenue rose to $7.69 billion from $5.77 billion in the year-ago quarter. Analysts had expected $7.68 billion.
DRAM sales accounted for 73% of revenue, or $5.59 billion, in the fiscal first quarter, and grew +38% year-over-year. NAND made up 24% of revenue, or $1.89 billion, up 19% year over year. Analysts polled by FactSet had expected DRAM sales of $5.54 billion, and NAND sales of $2 billion.
Looking ahead, Micron projects adjusted second-quarter net income of $1.85 to $2.05 a share , compared to analysts’ forecast of $1.84 a share. The company is expecting revenue in the range of $7.3 billion to $7.7 billion. Analysts expected $7.29 billion.
MU's RSI Indicator recovers from oversold territory
The RSI Indicator for MU moved out of oversold territory on April 09, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 25, 2025. You may want to consider a long position or call options on MU as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MU just turned positive on April 23, 2025. Looking at past instances where MU's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MU advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MU broke above its upper Bollinger Band on April 25, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.850) is normal, around the industry mean (9.350). P/E Ratio (19.261) is within average values for comparable stocks, (69.809). MU's Projected Growth (PEG Ratio) (0.112) is slightly lower than the industry average of (2.176). Dividend Yield (0.006) settles around the average of (0.022) among similar stocks. P/S Ratio (2.900) is also within normal values, averaging (55.906).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MU’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a manufacturer of advanced semiconductor solutions such as DRAMs, NAND flash memory, CMOS image sensors, other semiconductor components and memory modules
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