Micron reported their FY24Q4 last night it was a blowout. Quarter Revenue growth of 93.3% with FY24 at 61.6%, beating consensus for revenue and EPS by a large margin. This level of growth at a $7.75B revenue in Q4 alone is nothing to ignore.
Guidance for revenue growth for FY25 is 50% and 30% for FY26, with GM guidance for Q1 of 39.5%. Not bad for a “hardware” company.
Shares are +17% before open.
The pictures reflect the performance of their two main business units and the whole analysis is in the SA article I referenced.
I don’t own any MU, but luckily I had increased my positions in NVDA (+2% AH) and ASML (+4.5% AH) this week, and I hope they catch good waves in MU’s wake.
I’m considering starting a position in MU mased on their future guidance and margin. I still don’t see the infrastructure investment in AI slowing. When it does, it will probably pop like a bubble. But I think there is still time to make good money for a couple of quarters. I’d love to hear the opinion of the board members.
Regards,
Rod
