投资者担忧因素 - 分析师指出未来需求可能减弱 [1] - 公司股价在最新财报公布前已大幅上涨 [1]

Micron Technology, Inc. (NASDAQ: MU ) earnings are out, and it seems they’re entering FY2026 with some strong momentum. The company just announced a record quarterly revenue and is expanding gross margins. The strong figures wereI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one ...

Micron Technology, Inc. (NASDAQ: MU ) earnings are out, and it seems they’re entering FY2026 with some strong momentum. The company just announced a record quarterly revenue and is expanding gross margins. The strong figures wereI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one ...

Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! IBD Videos Futures for the Dow Jones Industrial Average and the other major stock indexes traded higher Wednesday with new home sales figures on tap. Meanwhile, artificial intelligence stock Micron Technology (MU) declined on the stock market today after the company's earnings report. Ahead of the opening bell, the Dow traded up 0.1%. S&P 500 futures gained 0.2% as Nasdaq 100 ind ...

Shares of Micron Technology Inc (NASDAQ:MU) were last seen down 1.9% to trade at $163.28, despite the company handily beating fiscal fourth-quarter estimates with results of $3.03 per share on revenue of $11.32 billion. Though the semiconductor manufacturer saw its revenue skyrocket throughout the quarter, recent moves by sector peer Nvidia (NVDA) could be eating into potential gains.The stock its currently on pace for just its third daily loss this month, which is shaping up to best its best 30-day stretch ...

BILL O'NEIL ARCHIVES: Analysis Of The Greatest Stocks Of All Time A key product for that segment is high-bandwidth memory (HBM), with sales up about 50% sequentially. Micron has expanded its customer base and now has six HBM customers. The company expects to gain market share as it ramps production of HBM4 products next year, executives said on a conference call with analysts. "We believe Micron's HBM4 outperforms all competing HBM4 products, delivering industry-leading performance as well as best-in-class ...

The Micron Technology offices in San Jose, California. Micron Technology Inc. shares fell after a generally upbeat forecast from the memory-chip maker failed to impress investors, underscoring Wall Street’s lofty expectations following an extraordinary rally this year. Most Read from Bloomberg Fiscal first-quarter revenue will be roughly $12.5 billion, the company said in a statement Tuesday. Though analysts had estimated $11.9 billion on average, some were predicting a number as high as $13 billion. Exc ...

[Music] Hello and welcome to Morning Brief Market Sunrise. I'm Raman Kali live from Yahoo Finance Studios in London. It's Wednesday 24th September.Coming up on the show, AI hopes get a lift from Micron and Alibaba. European defense stocks rise after Trump's shift in policy towards Ukraine. And Jimmy Kimmel says sorry, but what impact does that have on stocks.So, grab your coffee and let's own the morning. [Music] Well, we're focusing once again on AI. On the positive side, we had Micron results last night a ...

KB Home ( KBH ) (-0.05%) just reported earnings, showing a decline in home deliveries and home sale prices. The company also downgraded its guidance; it previously forecast $6.3 billion to $6.5 billion in revenue. It now sees $6.1 billion to $6.2 billion.Needless to say, investors want a piece of that growth. Nothing irrational about that, even if the premiums are getting a little hefty. Seems the only thing it's stirring is movement from individual stocks to more diversified ETF products:This is still anal ...

核心观点 - 美光FY25Q4业绩表现强劲 营收和毛利率均超指引上限 主要受益于数据中心需求强劲 DRAM供应紧张及定价优势 [2][24][25] - 公司对FY26Q1及中长期行业前景持乐观态度 预计DRAM和NAND市场供需持续向好 HBM业务成为关键增长驱动力 [5][25][47] - 美光在先进技术领域保持领先 包括1γ DRAM HBM4及G9 NAND 并通过AI应用提升生产效率和产品竞争力 [27][30][26] 财务业绩 - FY25Q4营收113.2亿美元 同比+46% 环比+22% 超指引上限107±3亿美元 [2] - FY25Q4毛利率45.7% 同比+9.2个百分点 环比+6.7个百分点 超指引上限42%±1个百分点 [2] - FY25Q4每股收益3.03美元 净利率31% 同比+14个百分点 环比+7.6个百分点 [2] - 2025财年总营收374亿美元 同比+49% 毛利率41% 同比+17个百分点 [24][38] 产品表现 - DRAM收入89.84亿美元 同比+69% 环比+27% 创单季历史新高 位元出货量环比增长低十位数百分比 ASP环比增长低双位数百分比 [3][39] - NAND收入22.52亿美元 同比-5% 环比+5% 位元出货量环比下降中个位数百分比 ASP环比增长高个位数百分比 [3][39] - HBM营收近20亿美元 年化规模近80亿美元 市场份额持续提升 客户群扩大至六家 [12][29] 终端市场表现 - 云存储部门收入45.4亿美元 同比+214% 环比+34% 受HBM及芯片需求推动 [3][40] - 移动与客户端部门收入37.6亿美元 同比+25% 环比+16% 由DRAM出货量增加及价格改善推动 [3][41] - 汽车与嵌入式部门收入14.3亿美元 同比+17% 环比+27% 由位元出货量增加驱动 [3][41] 技术与制造进展 - 1γ DRAM制程节点以破纪录速度达到成熟良率 比前代技术快50% 并实现首次营收 [27] - HBM4开发进度按计划进行 带宽超过2.8TB/s 引脚速度超过11Gbps 已向客户送样 [30][49] - 与台积电合作HBM4E 预计2027年推出 将提供标准及定制化产品 [12][30] - 在新加坡的HBM封装测试设施按计划推进 预计2027年贡献产能 [28] 市场需求与供给 - 预计2025年DRAM位元需求增长率高十位数百分比 NAND位元需求增长率低至中十位数百分比 [5][23] - 行业DRAM供应紧张 NAND市场状况持续走强 预计2026年进一步收紧 [5][23][36] - 客户库存水平健康 美光DRAM库存低于目标水平且持续改善 [23][55] 资本开支与产能 - 2025财年资本支出138亿美元 预计2026财年资本支出高于2025年 [5][37] - DRAM前道设备与晶圆厂建设推动2026财年资本支出增加 [5][37] - 1γ技术节点迁移将贡献2026年主要DRAM供应增长 [23][37] 各领域展望 - 数据中心：预计2025年服务器总出货量增长约10% 传统服务器从中个位数百分比增长上调 AI服务器增长强劲 [4][29] - PC：2025年出货量增长预期从低个位数上调至中个位数百分比 受Windows 10终止支持及AI PC普及推动 [4][16][32] - 智能手机：维持2025年出货量增长低个位数百分比 搭载12GB以上内存占比持续提升 [4][19][33] - 汽车：ADAS和AI车载娱乐系统推动内存需求增长 [4][19][35] 竞争与战略定位 - 美光在HBM LPDRAM及GDDR7产品领域保持技术领先 与NVIDIA合作推动LPDDR5在服务器应用 [16][31] - AI应用提升公司生产效率 在代码生成等场景生产力提升30%-40% 制造良率显著改善 [26] - 作为美国唯一内存制造商 美光在AI驱动内存需求中具备独特优势 [25][45]