Micron Technology

Micron Technology, Inc. (MU) (Q3FY24) – Strong Q3 performance, leading the AI charge

Highlights of the report

The company has recently delivered outstanding financial results for fiscal Q3, exceeding expectations across multiple key metrics.

Micron Technology (MU) Equity Report Q3FY24

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Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products worldwide.

In Q3FY24, the company delivered robust financial performance, surpassing its guidance range across key metrics. Total revenue reached $6.8bn, reflecting a 17% sequential growth and an impressive 82% increase year-over-year.

Micron Technology stock price showed a downtrend in the past 3- month period and gave returns of -5%. The stock price increased by 76% in the past 1-year. The stock has a 52-week high of $157.54 and a 52-week low of $61.75.

Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

Report details

Micron Technology, Inc. (MU) (Q3FY24) – Strong Q3 performance, leading the AI charge

Price

$272.00

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