Micron Technology Q4 2024 Earnings: Will MU Keep Recovery Momentum?

Micron Technology Q4 2024 Earnings Preview

As Micron Technology Inc. (NASDAQ: MU) gears up to unveil its fourth-quarter results, market participants are eager to see if the chipmaker can sustain its recovery momentum. Following a challenging period, analysts forecast that Micron will report a profit of $1.03 per share—a significant recovery from the previous year's loss. Projected Q4 revenues are expected to reach $6.91 billion, marking a staggering 72% rise.

Focused on AI Integration

Micron's ongoing pivot towards AI-driven products such as high-capacity DIMMs is expected to play a critical role in maintaining its growth momentum. The company recently implemented price increases in response to a favorable demand-supply environment, allowing it to regain profitability across all market segments.

Financial Highlights to Watch

• Profit Estimate: $1.03 per share
• Projected Revenue: $6.91 billion
• Gross Margin Guidance: 34.5%
• Operating Expenses: $1.19 billion

Managerial Insights

Following a strong Q3 performance where revenues soared to $6.81 billion, Micron's leadership anticipates even healthier financials this quarter. CEO Sanjay Mehrotra highlighted a robust demand for AI-driven memory solutions, projecting continued price increases that will benefit the company's profitability in fiscal 2025.