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.
$美光科技 (MU.US)$ 週四，股價下跌，此前公司發佈了混合的盈利業績並對當前季度的指引較弱。多位分析師在業績發佈後也調低了目標價。
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.
第一季度營業收入爲87.1億美金，低於87.2億美金的預期，第一季度調整後每股收益爲1.79美金，高於1.76美金的預期。
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.
總營業收入同比增長，較去年的$47.3億有所上升。經營現金流爲$32.4億，調整後的自由現金流爲$11200萬，低於上一季度的$32300萬。公司結束本季度時的現金、可投資資產和受限現金總額爲$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將每股派發季度現金股息$0.115，付款日期爲1月15日，登記日期爲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，上下浮動$20000萬，估計爲$90億。公司預計第二季度調整後每股收益爲$1.43，上下浮動10美分，估計爲每股$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的分析師Quinn Bolton給予美光買入評級，並將目標價從140美元下調至120美元。
Baird的分析師Tristan Gerra給予美光跑贏大盤評級，並將目標價從150美元下調至130美元。
Rosenblatt的分析師Hans Mosesmann給予美光買入評級，並保持目標價爲250美元。
Wedbush的分析師Matt Bryson給予美光跑贏大盤評級，並將目標價從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.
MU價格變動：根據Benzinga Pro，截至週四，美光股價下跌17.7%，報85.42美元。
