Micron Stock Falling 17% After Weak Forward Guidance
Micron Stock Falling 17% After Weak Forward Guidance
"Micron delivered a record quarter, and our data center revenue surpassed 50% of our total revenue for the first time," said $Micron Technology (MU.US)$ 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.
$美光科技 (MU.US)$ 周四，股价下跌，此前公司发布了混合的盈利业绩并对当前季度的指引较弱。多位分析师在业绩发布后也调低了目标价。
Q1 revenue came in at $8.71 billion, versus estimates of $8.72 billion, with Q1 Adjusted EPS: $1.79, versus estimates of $1.76.
第一季度营业收入为87.1亿美金，低于87.2亿美金的预期，第一季度调整后每股收益为1.79美金，高于1.76美金的预期。
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.
总营业收入同比增长，较去年的$47.3亿有所上升。经营现金流为$32.4亿，调整后的自由现金流为$11200万，低于上一季度的$32300万。公司结束本季度时的现金、可投资资产和受限现金总额为$87.5亿。
"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.
美光的总裁兼首席执行官Sanjay Mehrotra表示：“美光取得了创纪录的季度业绩，我们的IDC概念营业收入首次超过了总营业收入的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."
他补充道：“虽然消费市场在短期内较弱，但我们预计在财年下半段将恢复增长。我们继续在市场中占据利润最高和战略重要的部分，并且在利用人工智能驱动的增长方面处于极为良好的位置，为所有利益相关者创造可观的价值。”
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.
美光的董事会还宣布将每股派发季度现金股息$0.115，付款日期为1月15日，登记日期为12月30日的股东。
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：美光预计第二季度营业收入为$79亿，上下浮动$20000万，估计为$90亿。公司预计第二季度调整后每股收益为$1.43，上下浮动10美分，估计为每股$1.92。
Analyst Changes:
分析师变动：
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的分析师Quinn Bolton给予美光买入评级，并将目标价从140美元下调至120美元。
Baird的分析师Tristan Gerra给予美光跑赢大盘评级，并将目标价从150美元下调至130美元。
Rosenblatt的分析师Hans Mosesmann给予美光买入评级，并保持目标价为250美元。
Wedbush的分析师Matt Bryson给予美光跑赢大盘评级，并将目标价从140美元下调至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.
MU价格变动：根据Benzinga Pro，截至周四，美光股价下跌17.7%，报85.42美元。
