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Will Micron Technology's adjusted EPS for Q1 2025 meet or exceed $1.74?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Micron Technology's official Q1 2025 earnings report
Story
Micron Technology Surges 17% on Strong Q4 Earnings and AI-Driven Q1 Outlook
Sep 25, 2024, 08:31 PM
Micron Technology reported strong fourth-quarter earnings, beating analyst expectations. The company posted an adjusted EPS of $1.18, surpassing the expected $1.13, and revenue of $7.75 billion, exceeding the forecasted $7.64 billion. This represents a 93% year-over-year revenue growth, driven by robust demand for AI-related products, particularly high bandwidth memory chips used in data centers. The adjusted gross margin was 36.5%, above the estimated 34.7%. Micron also reported a net income of $887 million and an adjusted operating income of $1.75 billion. The company provided an optimistic outlook for the first quarter of 2025, projecting adjusted EPS of $1.74 and revenue between $8.58 billion and $8.9 billion, well above market estimates. Following the earnings report, Micron's stock surged 17% in premarket trading.
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Below $1.60 • 25%
$1.60 to $1.74 • 25%
$1.74 to $1.90 • 25%
Above $1.90 • 25%
Yes • 50%
No • 50%
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Below guidance range • 33%
Within guidance range • 34%
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Below $7.4 billion • 33%
$7.4-$7.8 billion • 33%
Above $7.8 billion • 33%