Micron Needs To Live Up To Its AI Darling's Darling Title
Micron Needs To Live Up To Its AI Darling's Darling Title
On Wednesday, Micron Technology Inc (NASDAQ:MU) posted a failed-to-impress fiscal third quarter report. But, even even guiding for record results didn't bring as much as expected enthusiasm as Micron holds the promise of being one of the biggest beneficiaries of the AI era next to the AI darling and chip leader, Nvidia Corporation (NASDAQ:NVDA) and that comes with grand expectations as its shares have more than doubled over the past year. While the smartphone and PC markets remain sluggish, its data center business grew 50% on a quarter-to-quarter basis on the back of a strong AI portfolio.
美光科技公司星期三发布的财务季报不如人意。尽管有创纪录的业绩预期,但美光科技公司仍未像英伟达公司一样成为人工智能时代最大的受益者之一,其股票在过去一年中已经翻了一番。尽管智能手机和电脑市场仍然低迷,但其数据中心业务凭借强大的人工智能产品组合,每个季度增长了50%。
Fiscal Third Quarter Highlights
第三季度财报亮点
For the quarter ended on May 30th, Micron reported a revenue of $6.81 billion, surpassing LSEG's consensus estimate of $6.67 billion. Micron reported it is gaining share in high-margin AI products, including HBM and data center storage offerings.
截至5月30日的本季度,美光报道了68.1亿美元的营业收入,超过了伦交所集团的预估值66.7亿美元。美光报告称,其在高利润人工智能产品(包括HBM和数据中心存储产品)方面正在增加份额。
Compared to last year's comparable quarter when it reported a loss of $1.9 billion, or $1.73 per share, Micron managed earn a net income of $332 million, or 30 cents per share. Adjusted earnings per share amounted to 62 cents, also surpassing LSEG's consensus estimate of 51 cents.
与去年同期报告亏损19亿美元或每股1.73美元相比,美光成功实现净利润3.32亿美元,每股30美分。调整后每股收益为62美分,也超过了伦交所集团的预估值51美分。
Micron Is Well Positioned For AI-Fueled Growth
美光正处于为人工智能带来增长所做准备的有利地位
For the fourth-quarter, Micron guided for revenue growth of about 90%. On the earnings call, CEO Sanjay Mehrotra emphasized that data center revenue is on track to reach record levels in fiscal 2024 and continue to grow significantly throughout fiscal 2025. Moreover, Micron expects to significantly improve its profitability in fiscal 2025 despite increased spending to support its costly AI-related offerings. Mehrotra also said the company's AI-oriented products were likely to increase in price. What bodes well for Micron is that it has Nvidia needs, as its advanced memory are needed for AI graphics processing units (GPUs) that Nvidia designs and sells.
对于第四季度,美光预计收入增长约为90%。在业绩电话会议上,首席执行官桑杰伊·梅赫罗特拉强调,数据中心业务预计在2024财年达到纪录水平,并在2025财年继续大幅增长。此外,尽管增加支出以支持其昂贵的人工智能相关产品,但美光预计在2025财年显着提高其盈利能力。梅赫罗特拉还表示,该公司的面向人工智能的产品不太可能涨价。对美光又引起人关注的是,由于英伟达设计和销售的人工智能图形处理单元(GPU)需要其高级内存,这使得美光市值更上一层楼。
Micron remains confident that it will be one of the biggest beneficiaries in the semiconductor industry of the multi-year growth opportunity driven by AI. Micron said that its high bandwidth memory, the kind used in AI chips, is sold out through 2025. As a computer memory and data storage solution maker, Micron's offerings make it well positioned in a world that is racing to enable AI. More importantly, by providing the AI darling, Nvidia with memory solutions for its chips, it pretty much secured its benefits through this partnership. But, the latest quarter just wasn't as impressive as anything below fantastic is not good enough amid such lofty expectations.
美光仍然有信心成为人工智能驱动的半导体行业中的最大受益者之一。美光表示,其用于人工智能芯片的高带宽内存已被售罄至2025年。作为一家计算机内存和数据存储解决方案制造商,美光的产品使其在竞争日益白热化的人工智能技术领域中占有优势。更重要的是,通过为英伟达的芯片提供内存解决方案,实现了合作共赢。但是,最新季度报告并不如人们所期望的那么出色。毕竟这些门槛很高,非常困难。
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