Micron surges as Q4 results, guidance top expectations [Seeking Alpha]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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Source: Seeking Alpha
for the first-quarter of fiscal 2025 that were above expectations as demand for artificial intelligence continues to rise. For the period ending Aug. 29, Micron earned an adjusted $1.18 per share as revenue rose 93.3% year-over-year to come in at $7.75B. Adjusted gross margin came in at 36.5% during the period, well above the 34.7% consensus estimate. Cash flow from operations during the quarter was $3.41B. Analysts were expecting the company to report adjusted earnings of $1.11 per share on $7.64B in revenue. Western Digital ( WDC ) and Seagate Technologies ( STX ), which often trade in tandem with Micron, rose on the back of the results. "We are entering fiscal 2025 with the best competitive positioning in Micron's history," Sanjay Mehrotra said in a statement. "We forecast record revenue in fiscal Q1 and a substantial revenue record with significantly improved profitability in fiscal 2025." Looking ahead, Micron expects revenue for the first-quarter to be between $8.5B
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WDC
Earnings
- 7/31/24 - Beat
WDC
Sec Filings
- 9/27/24 - Form 4
- 9/26/24 - Form 144
- 9/23/24 - Form 4
- WDC's page on the SEC website