Micron: Expect Another Strong Performance Next Quarter, Says Top Analyst
Micron: Expect Another Strong Performance Next Quarter, Says Top Analyst
It has been a decent week for investors of chipmaker Micron ( MU ). Monday June 29 saw the release of the company’s fiscal 3Q20 earnings report, in which Micron posted beats all around. The market was impressed by the print, and on Tuesday June 30, sent shares up by a tidy 5%.
對於芯片製造商美光(Micron)的投資者來説，這是不錯的一週。6月29日星期一，該公司發佈了20財年第三季度收益報告，美光在報告中全面表現出色。這份報告給市場留下了深刻的印象，6月30日星期二，股價上漲了5%。
There was a lot to like in Micron’s quarterly statement, and a good deal to look forward to.
美光的季度聲明中有很多值得喜歡的地方，也有很多值得期待的事情。
On the top-line, Micron beat the estimates by $130 million, delivering 13.6% year-over-year growth to reach revenue of $5.44 billion. The bottom-line result also came in ahead of the consensus estimate by $0.06, as Micron posted non-GAAP EPS of $0.82. Gross margins of 33.2% beat the Street's 32.8% call.
在營收方面，美光超出預期1.3億美元，同比增長13.6%，營收達到54.4億美元。底線業績也比普遍預期高出0.06美元，美光公佈的非GAAP每股收益為0.82美元。毛利率為33.2%，超過了華爾街32.8%的預測。
Broken down into segments, with bit shipments up 10%, DRAM (memory) revenue increased quarter-over-quarter by 16%. Additionally, NAND (storage) revenue was up 10% compared to the previous quarter.
細分市場，比特出貨量增長10%，DRAM(內存)收入環比增長16%。此外，與上一季度相比，NAND(存儲)收入增長了10%。
Looking ahead to fiscal 4Q, Micron’s guidance is above the estimates, too. The chipmaker forecasts revenue of between $5.75 billion and $6.25 billion ($6 billion at midpoint), ahead of the Street's call for $5.46 billion. Micron expects to deliver non-GAAP EPS in the range of approximately $1.05 (give or take $0.10), which is above the $0.79 per share consensus estimate.
展望第四財季，美光的指引也高於預期。英特爾預計營收在57.5億至62.5億美元(中間價為60億美元)之間，高於華爾街預測的54.6億美元。美光預計將交付約1.05美元(上下浮動0.10美元)的非GAAP每股收益，高於普遍預期的每股0.79美元。
With higher ASPs (average selling prices) and shipments in the quarter indicating low supply and strong demand, the cyclical nature of Micron’s industry appears to be turning in its favor. Needham analystRajvindra Gillagrees, and despite the current unprecedented challenges, he expects Micron to deliver the goods.
由於本季度ASP(平均售價)和出貨量較高，表明供應較低，需求強勁，美光行業的週期性似乎正在轉向有利於自己的方向。Needham分析師Rajvindra Gilla對此表示同意，儘管目前面臨前所未有的挑戰，他預計美光將會交付產品。
The 5-star analyst said, “Heading into C2H20, MU expects data center demand to remain healthy and mobile to continue to improve. Cloud customer inventories remain healthy, while mobile is a bit elevated in anticipation of demand, as well as COVID-19 and geopolitical supply chain factors… Although we acknowledge that near-term visibility across end markets is limited due to COVID-19 & macro uncertainties, we view MU as a key beneficiary of secular trends of higher memory content in 5G handsets and data center demand.”
這位五星級分析師表示：“邁入C2H20，MU預計數據中心需求將保持健康，移動需求將繼續改善。雲客户庫存保持健康，移動端則因預期需求略高，以及新冠肺炎和地緣政治供應鏈因素…雖然我們承認，由於新冠肺炎和宏觀不確定性，終端市場的近期可見性有限，但我們認為MU是5G手機存儲內容增加和數據中心需求的長期趨勢的主要受益者。“
To this end, Gill is staying with the bulls. In addition to reiterating a Buy rating, the analyst upped his price target from $63 to $70. The implication for investors? Upside potential of 41%. (To watch Gill’s track record, click here )
為此，吉爾將和公牛隊呆在一起。除了重申買入評級外，這位分析師還將目標價從63美元上調至70美元。這對投資者意味着什麼？上行潛力為41%。(要查看吉爾的記錄，請單擊此處)
Micron’s Moderate Buy consensus rating is based on 18 Buys, 7 Holds and a lone Sell. Over the next year, the analysts expect shares to appreciate by 33%, as the $66 average price target implies. (See Micron stock analysis on TipRanks)
美光的中等買入共識評級是基於18個買入、7個持有和一個人賣出。分析師預計，明年股價將上漲33%，正如66美元的平均價格目標所暗示的那樣。(參見TipRanks上的美光股票分析)
譯文內容由第三人軟體翻譯。