Micron's Growth Is Limited By Sold Out HBM (Rating Downgrade)
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Micron's Q1'25 earnings met estimates, but Q2'25 guidance fell short, leading to a -16% after-hours selloff. Revenue guidance is $1B below consensus. Capital investments are set to grow by 70% for FY25, driven by DRAM & HBM capacity expansion and new facilities. Consumer market recovery is uncertain.
December 20, 2024 | 1:45 pm
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Micron's Q1'25 earnings met expectations, but Q2'25 guidance disappointed, leading to a significant after-hours stock price drop. Revenue guidance is $1B below consensus, and while capital investments are increasing, consumer market recovery is uncertain.
Micron's Q2'25 guidance fell short of expectations, leading to a significant after-hours selloff. The revenue guidance being $1B below consensus indicates potential challenges ahead. Despite increased capital investments, the uncertain consumer market recovery adds to the negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100