Micron Stock Is Moving Lower Thursday: What's Driving The Action?
Micron Stock Is Moving Lower Thursday: What's Driving The Action?
"While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year. We continue to gain share in the highest margin and strategically important parts of the market and are exceptionally well positioned to leverage AI-driven growth to create substantial value for all stakeholders."Micron Technology Inc (NASDAQ:MU) shares are trading lower Thursday after the company reported mixed earnings results and issued weak guidance for the current quarter. Multiple analysts also lowered price targets following the print.
美光科技公司（納斯達克：MU）的股票在週四交易下跌，此前該公司公佈了混合的盈利結果，並對當前季度的指引較弱。多個分析師在數據發佈後也下調了價格目標。
- Q1 Revenue: $8.71 billion, versus estimates of $8.72 billion
- 第一季度營業收入：$87.1億，預計爲$87.2億
- Q1 Adjusted EPS: $1.79, versus estimates of $1.76
- 第一季度調整後每股收益：$1.79，預計爲$1.76
Total revenue was up from $4.73 billion on a year-over-year basis. Operating cash flow was $3.24 billion and adjusted free cash flow was $112 million in the quarter, down from $323 million in the prior quarter. The company ended the quarter with $8.75 billion in cash, marketable investments and restricted cash.
總營業收入同比上漲，從$47.3億增加。經營現金流爲$32.4億，調整後的自由現金流爲$11200萬，較上季度的$32300萬下降。公司在本季度末現金、可交易投資和限制現金爲$87.5億。
"Micron delivered a record quarter, and our data center revenue surpassed 50% of our total revenue for the first time," said Sanjay Mehrotra, president and CEO of Micron.
美光的總裁兼首席執行官Sanjay Mehrotra表示：「美光取得了創紀錄的季度業績，我們的IDC概念營業收入首次超過了總營業收入的50%。」
"While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year. We continue to gain share in the highest margin and strategically important parts of the market and are exceptionally well positioned to leverage AI-driven growth to create substantial value for all stakeholders."
他補充道：「雖然消費市場在短期內較弱，但我們預計在財年下半段將恢復增長。我們繼續在市場中佔據利潤最高和戰略重要的部分，並且在利用人工智能驅動的增長方面處於極爲良好的位置，爲所有利益相關者創造可觀的價值。」
Micron's board also declared a quarterly cash dividend of $0.115 per share, payable on Jan. 15 to shareholders of record as of Dec. 30.
美光的董事會還宣佈每股現金分紅爲$0.115，將於1月15日支付給截至12月30日的股東。
Q2 Guidance: Micron sees second-quarter revenue of $7.9 billion, plus or minus $200 million, versus estimates of $9 billion. The company expects second-quarter adjusted earnings of $1.43 per share, plus or minus 10 cents per share, versus estimates of $1.92 per share.
第二季度指引：美光預計第二季度營業收入爲$79億，誤差爲$20000萬，預計爲$90億。公司預計第二季度調整後每股收益爲$1.43，誤差爲每股10美分，預計爲每股$1.92。
Analyst Changes:
分析師變動：
- Needham analyst Quinn Bolton maintained Micron with a Buy and lowered the price target from $140 to $120.
- Baird analyst Tristan Gerra maintained Micron with an Outperform and lowered the price target from $150 to $130.
- Rosenblatt analyst Hans Mosesmann maintained Micron with a Buy and kept a price target of $250.
- Wedbush analyst Matt Bryson maintained Micron with an Outperform and lowered the price target from $140 to $125.
- Needham分析師Quinn Bolton維持對美光的買入評級，並將目標價格從140美元下調至120美元。
- Baird分析師Tristan Gerra維持對美光的跑贏大盤評級，並將目標價格從150美元下調至130美元。
- Rosenblatt分析師Hans Mosesmann維持對美光的買入評級，並保持250美元的目標價格。
- Wedbush分析師Matt Bryson維持對美光的跑贏大盤評級，並將目標價格從140美元下調至125美元。
MU Price Action: Micron shares were down 17.7% at $85.42 at the time of writing Thursday, according to Benzinga Pro.
美光價格走勢：根據Benzinga Pro的數據，截至週四撰寫時，美光股票下跌17.7%，報價85.42美元。
Photo: Shutterstock.
照片：shutterstock。
譯文內容由第三人軟體翻譯。
