- Micron guided fiscal Q1 revenue to $61.5B, plus or minus $1.5B, versus a $57.02B analyst estimate.
- Guided adjusted EPS of $38.15 compares with a $35.40 consensus.
- Fiscal Q4 revenue more than quadrupled year over year to $54.23B, ahead of the $51.07B estimate.
- Micron now has 26 strategic customer agreements running through at least 2030, up from 16 at the fiscal Q3 call.
- Customer financial commitments rose to $32B in fiscal Q4, mostly as cash deposits, and customer contract liabilities reached $12.9B.
- Three-quarters of estimated SCA revenue has minimum and maximum price bands in place.
Quotes
“Micron Technology projected first-quarter revenue of $61.5 billion”
“it now has 26 strategic customer agreements (SCAs) that run through at least 2030”