Micron Technology, Inc. (MU) will release its first-quarter fiscal year 2025 results after the market closes on December 18.
MU Earnings Forecast
The corporation anticipates $8.7 billion (+/—$200 million) in fiscal first-quarter sales. The top line's Analysts' Consensus Estimate is $8.71 billion, indicating robust 84.3% growth compared to the previous year.
The Consensus Estimate predicts that DRAM revenues will reach $5.92 billion in the first quarter, representing a remarkable 91% increase over the previous year. Similarly, NAND revenues are anticipated to reach $2.6 billion, representing a remarkable 111.5% increase over the same time last year. These numbers demonstrate Micron's capacity to profit from advantageous market trends.
MU Stock Growth Factors
The increasing demand for memory chips due to the expanding use of GPU-enabled AI processors is expected to boost Micron's first-quarter profits significantly. Memory chips are now crucial parts of data center operators' infrastructure as they grow it to accommodate generative AI and big language models. Micron's earnings during the reviewed quarter were probably supported by this spike in consumer interest in AI-driven solutions.
The memory chip market's growing supply-demand fundamentals are another encouraging element. Excess inventory in several industries hampered Micron for various quarters, which had a significant effect on its financial performance. Over previous years, though, things have improved, leading to pricing increases for its main products, NAND and DRAM chips.
