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Strong End Market Demand to Drive Micron's (MU) Q4 Earnings
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Micron Technology Inc.'s (MU - Free Report) fourth-quarter fiscal 2018 results, scheduled to be reported on Sep 20, are expected to benefit from strong demand across its business and product segments.
Expansion of the company’s product portfolio to include high-value solutions is expected to drive profits and strengthen relationships with customers.
Click here to see how the company’s overall Q4 performance is likely to be.
Solid Product Portfolio to Aid Growth
Micron is likely to witness solid results in the soon-to-be-reported quarter on the back of its strong product mix.
We note that the company has been the key beneficiary of the upswing in DRAM prices and strong demand that was triggered in the second half of calendar-year 2016.
The higher mix of GDDR6 memory, which the company is supplying to NVIDIA (NVDA - Free Report) for the GeForce RTX 20-Series cards, is a tailwind for Micron’s DRAM pricing in the quarter under review.
The company’s cloud server and graphics memory product sales are leading to robust improvement in its computing and networking business unit (CNBU).
The Zacks Consensus Estimate for CNBU revenues for fiscal fourth-quarter 2018 is pegged at $4.27 billion, 49.8% higher than the figure reported in the year-ago period.
The company’s mobile solutions continue to be driven by strong demand owing to the rise in memory and storage content per phone. In the last reported quarter, high-value mobile NAND revenues nearly doubled sequentially, backed by solid ramp up of eMMC and eMCP products to multiple smartphone original equipment manufacturers (OEMs).
The Zacks Consensus Estimate for Mobile Business Unit revenues for the fiscal fourth quarter is pegged at $1.47 billion, indicating a year-over-year increase of 24.4%.
Micron continues to bring in new SSD solutions based on lower-cost, next-generation technologies. The company’s shipments of 64-layer 3D NAND enterprise SATA SSD and world’s first QLC-based SSD are expected to make up for the declining NAND prices.
The Zacks Consensus Estimate for Storage Business Unit revenues is pegged at $1.63 billion, reflecting an increase of 25% from the figure reported in the year-ago quarter.
Long-term earnings growth for Radware and Vishay is projected to be 19% and 9%, respectively.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Image: Bigstock
Strong End Market Demand to Drive Micron's (MU) Q4 Earnings
Micron Technology Inc.'s (MU - Free Report) fourth-quarter fiscal 2018 results, scheduled to be reported on Sep 20, are expected to benefit from strong demand across its business and product segments.
Expansion of the company’s product portfolio to include high-value solutions is expected to drive profits and strengthen relationships with customers.
Click here to see how the company’s overall Q4 performance is likely to be.
Solid Product Portfolio to Aid Growth
Micron is likely to witness solid results in the soon-to-be-reported quarter on the back of its strong product mix.
We note that the company has been the key beneficiary of the upswing in DRAM prices and strong demand that was triggered in the second half of calendar-year 2016.
The higher mix of GDDR6 memory, which the company is supplying to NVIDIA (NVDA - Free Report) for the GeForce RTX 20-Series cards, is a tailwind for Micron’s DRAM pricing in the quarter under review.
The company’s cloud server and graphics memory product sales are leading to robust improvement in its computing and networking business unit (CNBU).
The Zacks Consensus Estimate for CNBU revenues for fiscal fourth-quarter 2018 is pegged at $4.27 billion, 49.8% higher than the figure reported in the year-ago period.
The company’s mobile solutions continue to be driven by strong demand owing to the rise in memory and storage content per phone. In the last reported quarter, high-value mobile NAND revenues nearly doubled sequentially, backed by solid ramp up of eMMC and eMCP products to multiple smartphone original equipment manufacturers (OEMs).
The Zacks Consensus Estimate for Mobile Business Unit revenues for the fiscal fourth quarter is pegged at $1.47 billion, indicating a year-over-year increase of 24.4%.
Micron continues to bring in new SSD solutions based on lower-cost, next-generation technologies. The company’s shipments of 64-layer 3D NAND enterprise SATA SSD and world’s first QLC-based SSD are expected to make up for the declining NAND prices.
The Zacks Consensus Estimate for Storage Business Unit revenues is pegged at $1.63 billion, reflecting an increase of 25% from the figure reported in the year-ago quarter.
Micron Technology, Inc. Revenue (TTM)
Micron Technology, Inc. Revenue (TTM) | Micron Technology, Inc. Quote
Zacks Rank and Stocks to Consider
Currently, Micron has a Zacks Rank #3 (Hold).
A couple of better-ranked stocks in the broader Computer and Technology sector are Radware (RDWR - Free Report) and Vishay Intertechnology (VSH - Free Report) , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Radware and Vishay is projected to be 19% and 9%, respectively.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>