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Total Revenue: $8.7 billion, up 12% sequentially and 84% year-over-year.
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DRAM Revenue: $6.4 billion, up 87% year-over-year, representing 73% of whole income.
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NAND Revenue: $2.2 billion, up 82% year-over-year, representing 26% of whole income.
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Gross Margin: 39.5%, enhancing 300 foundation factors sequentially.
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Operating Income: $2.4 billion, with an working margin of 27.5%.
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Adjusted EBITDA: $4.4 billion, with an EBITDA margin of fifty.6%.
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Non-GAAP EPS: $1.79, in comparison with $1.18 within the prior quarter.
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Operating Cash Flow: $3.2 billion.
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Capital Expenditures: $3.1 billion.
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Free Cash Flow: $112 million.
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Ending Inventory: $8.7 billion or 149 days.
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Cash and Investments: $8.7 billion at quarter finish.
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Total Debt: $13.8 billion.
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Fiscal Q2 Revenue Guidance: $7.9 billion, plus or minus $200 million.
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Fiscal Q2 Gross Margin Guidance: 38.5%, plus or minus 100 foundation factors.
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Fiscal Q2 EPS Guidance: $1.43 per share, plus or minus $0.10.
Release Date: December 18, 2024
For the entire transcript of the earnings name, please confer with the complete earnings name transcript.
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Micron Technology Inc (NASDAQ:MU) achieved document income in fiscal Q1 2025, with income, gross margins, and EPS all at or above the midpoint of steerage.
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Data heart income grew over 400% 12 months over 12 months and 40% sequentially, reaching a document degree with knowledge heart income combine surpassing 50% of whole income.
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HBM shipments have been forward of plan, with greater than a sequential doubling of HBM income, and the corporate expects sturdy development within the HBM market over the following few years.
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Micron finalized an settlement with the US Department of Commerce for an award of as much as $6.1 billion below the CHIPS and Science Act to help superior DRAM manufacturing.
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The firm is on monitor to attain its HBM targets and expects to ship a considerable document in income, considerably improved profitability, and optimistic free money move in fiscal 2025.
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Fiscal Q2 bit cargo outlook is weaker than beforehand anticipated as a result of extra pronounced buyer stock reductions.
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NAND income decreased 5% sequentially, with bit shipments and costs each reducing within the low single-digit proportion vary.
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The PC refresh cycle is unfolding extra progressively, with expectations for flattish PC unit quantity development in calendar 2024.
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Lower-than-expected automotive unit manufacturing and a shift towards value-trim automobiles have slowed reminiscence and storage content material development.
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NAND business situations are anticipated to impression fiscal Q2 gross margins, with underloading affecting fiscal Q3 gross margins.
