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<p class="has-drop-cap">Micron Technology (NASDAQ: MU) is set to report its <a href="https://investors.micron.com/news-releases/news-release-details/micron-report-fiscal-fourth-quarter-and-full-year-2024-financial" target="_blank" aria-label="fiscal fourth-quarter earnings (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">fiscal fourth-quarter earnings</a> after the market closes on Wednesday, September 25, 2024. The report comes at a crucial time for the memory chip maker, as it navigates a complex landscape of artificial intelligence (AI) opportunities and persistent challenges in traditional markets.</p>
<h3 id="micron-earnings-expectations-and-financial-outlook">Micron Earnings Expectations and Financial Outlook</h3>
<p>Analysts are anticipating a significant turnaround for Micron in the fourth quarter of fiscal 2024. Revenue is expected to nearly double year-over-year, reaching $7.65 billion, representing a more than 90% increase from the prior-year quarter. <br><br>The company is projected to swing from a loss to a profit, with analysts forecasting <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">earnings per share (EPS)</a> of $1.11, compared to a loss per share of $1.07 in the same quarter last year. This translates to an expected net income of $1 billion, a stark contrast to the $1.43 billion loss reported a year earlier.</p>
<p>Looking ahead, the consensus for Micron’s fiscal first quarter of 2025 is even more optimistic, with analysts projecting revenue of $8.4 billion and EPS of $1.45. These expectations underscore the growing confidence in Micron’s ability to capitalize on emerging trends, particularly in the AI sector.</p>
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<h3 id="what-to-look-out-for-in-micron-s-q4-results">What to Look Out for in Micron’s Q4 Results?</h3>
<p>As investors and analysts prepare for Micron’s earnings report, several key areas are drawing attention. Inventory levels remain a concern, with the company grappling with growing stockpiles. However, Citi analysts suggest that this inventory buildup could ease by year-end. <br><br>Demand signals across different end markets will be closely watched, with Morgan Stanley analysts noting “persistently weak demand across all end markets except AI.”</p>
<p>The AI sector emerges as a bright spot for Micron, with the <a href="https://tokenist.com/bofa-boosts-microns-pt-to-144-amid-ai-driven-hbm-demand-surge/" rel="noopener noreferrer nofollow" class="deco-link">company’s high-bandwidth memory (HBM) offerings</a> expected to drive growth. However, challenges persist in the non-AI PC and smartphone markets, potentially leading to near-term pricing pressures. <br><br>Despite these headwinds, Micron has a track record of outperforming expectations, having exceeded analysts’ earnings forecasts in seven of the past nine quarters.</p>
<p>In the stock market, Micron shares have gained about 10% year-to-date, reflecting cautious optimism among investors. Options traders are pricing in a potential 9.82% move following the earnings report, indicating heightened market interest in the company’s performance and outlook.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/micron-technology-set-to-report-q4-results-amid-ai-boom/">Micron Technology Set to Report Q4 Results Amid AI Boom</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Micron Technology Set to Report Q4 Results Amid AI Boom

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