마이크론 시장 예상치 상회하는 실적 발표(2021.01.07)

2021.01.13

Micron Technology, Inc. 2021 Q1 - Results - Earnings Call Presentation (NASDAQ:MU) | Seeking Alpha

 

1.디램 매출은 전체 매출의 70% 차지.  전기대비 7%감소, 전년 동기대비 17% 증가.

  전기대비 빗그로스는 낮은 한자리수 감소.

  ASP는  한자리수 중반 하락.

 

2.낸드 매출은  전체 매출의 27% 차지. 전기대비 3%증가, 전년 동기대비 11% 증가.

전기대비 빗그로스는 10%대 후반 증가.

  ASP는 10% 초반 하락.

 

3. 글로벌 디램 수요

 2020년 디램 수요 빗그로스는 20% 상회.

 2021년 디램 수요 빗그로스는 10% 후반으로 공급 빗그로스를 상회할 것(공급 부족 예상).

 

4.글로벌 낸드 수요

2020년 낸드 수요 빗그로스는 20%대 중반.

2021년 낸드 수요 빗그로스는 약 30%로 공급보다 적을 것.

2021년에 걸쳐 안정화 될 것.

 

5.재고 수준

 지난 분기 135일 수준에서 1분기 125일 수준으로 하락.

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2021.01.08

 

마이크론테크놀로지는 장 마감후 시장 예상치 상회하는 실적 발표와

이번 분기(12월-2월말) 긍정적인 실적 전망으로 시간외 상승중.

 

2021년1분기(2020년9월-11월) 실적 발표(GAAP).

매출 57.7억 달러(예상치 56.6억달러)

순이익 8.03억달러.

주당순이익 0.71달러(예상치 0.66달러)

 

2021년2분기(12월-2월) 전망. 시장 예상치 상회.

매출 56억-60억달러(시장 예상치  55.5억달러)

순이익 0.68달러에서 0.82달러 사이(시장 예상치 0.67달러)

 

 

Micron Technology Inc. shares rose in the extended session Thursday after the memory-chip maker’s earnings confirmed that the industry is turning a corner.

마이크론 실적이 메모리 반도체 산업이 바닥을 지났다는 것을 확인해 주면서 시간외에서 상승 중.

 

Micron’s MU, +2.59% results and forecast topped Wall Street estimates, and shares rose 1.8% after hours, following a 2.6% rise to close at $79.11 in the regular session.

정규 장에서 2.6% 상승후 시간외 거래에서 1.8% 상승.

 

Micron reported fiscal first-quarter net income of $803 million, or 71 cents a share, compared with $491 million, or 43 cents a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 78 cents a share, compared with 48 cents a share in the year-ago period.

Revenue rose to $5.77 billion from $5.14 billion in the year-ago quarter.

Analysts surveyed by FactSet had forecast adjusted earnings of 68 cents a share on revenue of $5.66 billion.

 

DRAM sales made up 70% of revenue, the company said. Compute and network sales rose 29% to $2.55 billion, while mobile sales gained 3% for $1.5 billion in revenue for the quarter.

 

Micron expects adjusted fiscal second-quarter earnings of 68 cents to 82 cents a share on revenue of $5.6 billion to $6 billion, while analysts had forecast earnings of 67 cents a share on revenue of $5.55 billion.

 

“We are excited about the strengthening DRAM industry fundamentals,” said Micron Chief Executive Sanjay Mehrotra. “For the first time in our history, Micron is simultaneously leading on DRAM and NAND technologies, and we are in an excellent position to benefit from accelerating digital transformation of the global economy fueled by AI, 5G, cloud, and the intelligent edge.”

 

Micron specializes in DRAM and NAND memory chips. DRAM, or dynamic random access memory, is the type of memory commonly used in PCs and servers, while NAND chips are the flash memory chips used in USB drives and smaller devices, such as digital cameras.

Over the past 12 months, Micron shares have gained 36%, compared with a 57% increase on the PHLX Semiconductor Index SOX, 3.86%, an 18% rise by the S&P 500 index SPX, +1.48%, and a 44% gain by the Nasdaq Composite Index COMP, 2.56%

COMP | NASDAQ Composite Index Overview | MarketWatch

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Micron Technology, Inc.

Fri, January 8, 2021, 6:03 AM GMT+9

 

Industry’s first 176-layer NAND in production

BOISE, Idaho, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2021, which ended Dec. 3, 2020.

Fiscal Q1 2021 highlights

• Revenue of $5.77 billion versus $6.06 billion for the prior quarter and $5.14 billion for the same period last year

• GAAP net income of $803 million, or $0.71 per diluted share

• Non-GAAP net income of $897 million, or $0.78 per diluted share

• Operating cash flow of $1.97 billion versus $2.27 billion for the prior quarter and $2.01 billion for the same period last year

 

“Micron delivered outstanding fiscal first quarter results, driven by focused execution and strong end-market demand,” said Micron Technology President and CEO Sanjay Mehrotra. “We are excited about the strengthening DRAM industry fundamentals. For the first time in our history, Micron is simultaneously leading on DRAM and NAND technologies, and we are in an excellent position to benefit from accelerating digital transformation of the global economy fueled by AI, 5G, cloud, and the intelligent edge.”

Quarterly Financial Results
(in millions, except per share amounts)	GAAP(1)									Non-GAAP(2)
	FQ1-21			FQ4-20			FQ1-20			FQ1-21			FQ4-20			FQ1-20
Revenue	$	5,773	$	6,056	$	5,144	$	5,773	$	6,056	$	5,144
Gross margin	1,736		2,068		1,366		1,784		2,111		1,405
percent of revenue	30.1		%	34.1		%	26.6		%	30.9		%	34.9		%	27.3		%
Operating expenses	870		911		848		811		809		811
Operating income	866		1,157		518		973		1,302		594
percent of revenue	15.0		%	19.1		%	10.1		%	16.9		%	21.5		%	11.5		%
Net income attributable to Micron	803		988		491		897		1,229		548
Diluted earnings per share	0.71		0.87		0.43		0.78		1.08		0.48

Investments in capital expenditures, net(2) were $2.78 billion for the first quarter of 2021. Micron ended the quarter with cash, marketable investments, and restricted cash of $8.36 billion, for a net cash(2) position of $1.73 billion.